News

The Organisation for Economic Cooperation and Development (OECD) proclaims an end to banking secrecy as it unveils an enforcement mechanism to ensure countries keep their promises about tax evasion.

Financial advisers may be able to time-bar client complaints by altering their terms of business (ToB) contracts in a dramatic development in the ongoing long-stop saga.

US stocks pushed ahead, buoyed by financials, despite a hike in jobless figures.

The ABI says consumers could be confused by new complaints data for financial services firms published today as it does not allow like-for-like comparisons.

Jersey-based Abbey International has launched a second edition of its 12 month fixed rate account, paying a guaranteed 3.5% gross/AER over 12 months.

Mortgage firms received more than twice the number of complaints in the first half of last year than they did in the first six months of 2006, FSA figures show.

Nucleus has bolstered its investment operations and finance teams with four appointments, including a new investment operations manager.

The OECD has downgraded its outlook for the UK economy, saying Britain will miss out on an early global recovery.

Scottish Provident paid out on 93% of all claims assessments concluded between January and June 2009 (an increase of six percentage points on the first half of 2008).

The Personal Finance Society (PFS) says the growing need to raise standards has helped it gain over 25,000 members since its creation in 2005.