News

Financial institutions have a long way to go before they can expect to win back the trust of financial advisers, Chris Cummings says.

Structured products have seen a surge in popularity this year due to the industry's prompt reaction in clarifying counterparty risk following the Lehman bankruptcy, plan providers say.

Banks dominated new FOS complaints figures naming and shaming the worst offenders for the first time.

On the first anniversary of the collapse of Lehman Brothers, fund management groups agree it was the "erroneous" decision to let the investment bank fail which almost crippled the global financial system.

Multi-managers believe the equity rally still has further to go despite the strong recent run pushing markets towards pre-Lehman levels.

Wall Street shares dipped as markets opened as a trade spat between the US and China escalated.

Tesco has expanded its clout in the insurance market through a deal with financial services firm Fortis.

Liverpool Football Club has signed a four-year sponsorship deal with Standard Chartered Bank for a reported £80 million.

The British Insurance Brokers' Association (BIBA) has welcomed the recent clarification by George Osborne, the Shadow Chancellor of the Exchequer, where he promised to move cautiously in dismantling the FSA.

Government-supported privatisation initiatives are the ‘Trojan Horse' that could severely undermine the NHS, Unite, the largest union in the country, has said.