News

Directors of Britain's top companies secured an average 23% increase in pension payouts in 2008 to almost £250,000 a year, despite most of the firms suffering steep falls in profits, The Guardian says.

FTSE Group has added 33 companies and removed 15 firms from its FTSE4Good index following a semi-annual review.

The Dow has slumped in early trading, despite optimistic figures showing more Americans are finding work.

Skandia has announced the sudden departure of Jamie Macleod, founder of the group's investment management business.

In the first criminal prosecution of its kind by the FSA, a mortgage broker has been fined £6,000 for failing to notify the regulator about a change in control at a regulated firm.

IFAs are becoming more reliant on income from commission, despite regulatory pressure to move towards a fee-based model, research from Russell Investments shows.

House prices rose for the second month in a row, according to the Halifax House Price Index.

EasyETF has unveiled the iTraxx Europe Main fund, a credit derivative ETF on NYSE Euronext in Paris.

Tim Jones has hit back at industry fears about the potentially "unfettered power" of the personal accounts trustee board.

The FSA has cancelled the permission of Peter David Alexander Crane, trading as David Crane Mortgage Broker, for unpaid fees.