News

Liverpool Victoria and Royal Liver, the two biggest friendly societies, are in merger talks that could lead to a £10billion mutual giant with more than 5million customers.

The FSA has proposed extending its approved persons regime to include individual mortgage advisers in a bid to improve standards and stop rogue employees from moving round the industry.

Standard Life has named group finance director David Nish as successor to group chief executive Sir Sandy Crombie from 1 January 2010.

Zurich UK Life's Richard Howells says there are three key components to consider when building a new business model. The first? Price.

Bad consumer loans dragged Bank of America $1bn (£613m) into the red for the three months between July and September.

Newly-formed intermediary giant Sesame Bankhall Group will immediately set about helping its IFAs transition their businesses to be ready to operate an adviser charging model from 1 January 2013.

The Competition Commission's (CC's) proposal to ban point-of-sale payment protection insurance (PPI) has been overturned by the Competition Appeal Tribunal.

Cautious managed funds closed the gap on the top selling UK Corporate Bond sector on Fidelity FundsNetwork last month, seeing 11% of total inflows on the platform.

Aegon is considering expanding its restricted advice service, currently offering annuities, to the investment and protection sectors.

The growing number of adviser firms setting up a business page on Facebook suggests they are finally embracing the benefits of social networking.