News

The FSA has banned a compliance director at award-winning packager Chase UK Corporation for exposing his firm to fraudulent activity.

Just Retirement, the annuities and equity release specialist, is considering an expression of interest from a private equity bidder.

Bernard Madoff will spend the remainder of his life in prison after receiving the maximum prison sentence of 150 years for masterminding a $65bn fraud.

The Pearl Group, owner of Ignis and a number of insurance brands, is to be acquired by Liberty International.

Hargreaves Lansdown says the biggest question for the firm resulting from the RDR is whether to maintain its ‘independent' label.

Treasury insiders today denied that plans by Alistair Darling to extend the role of the Financial Services Authority in policing banks and the financial system would risk sparking conflict between the FSA and the Bank of England, reports The Times.

British Airways helped the FTSE 100 into an early lead on Friday after announcing 800 employees had agreed to work for free for up to one month.

Select & Protect (S&P) is to launch a Mortgage Payment Protection Insurance (MPPI) product provided by FirstAssist Insurance Services which will be available to all S&P brokers.

The FSA today put an end to advisers' hopes it would re-introduce a time limit on complaints, declaring "we are not moving".

'Restricted' advisers must make clear their limitations both in writing and orally using a "specific" script before any advice takes place, the FSA suggests today.