News

After launching a YouTube campaign to raise awareness of their plight, disgruntled depositors in collapsed bank Kaupthing Singler & Friedlander Isle of Man (KSFIoM) have taken to the fourth plinth in London's Trafalgar Square to voice their gripes.

IFA consolidator Succession Advisory Services says it is well on the way to achieving its target of bringing together £7bn funds under management after signing up a tenth adviser firm.

The number of new possessions and arrears cases fell in Q2 2009, according to the latest statistics from the FSA.

Housing wealth could play a greater role in supporting retirement in the future, the Pensions Policy Institute says.

The FSA has banned Manchester mortgage broker Arthur Kirk, trading as Grosvenor Mortgage Advice Centre, for failing to establish proper systems and controls at his business.

Influential financial adviser Brian Dennehy has hit out at Cofunds in an open letter to its chief executive Brett Williams, saying a significant number of IFAs are concerned over the "frequent confusion" in leadership and direction.

UK shares were virtually flat in morning trade, one year on from the collapse of Lehman Brothers.

A third of complaints against the major UK insurers were found in favour of the consumer, half the number upheld against banks, figures from the financial ombudsman (FOS) show.

UK inflation has fallen to its lowest level in over four years, according to official statistics.

Britain's high street banks could incur another £130bn of losses in the next 18 months, ratings agency Moody's warned yesterday, on top of the £110bn hit they have taken on bad loans since the start of the financial crisis in 2007.