News

The FSA has won its case before the Financial Services and Markets Tribunal (the Tribunal) to ban the former CEO of Alternative Solutions (AltSol) from working in the UK financial services industry.

The Treasury Committee has attacked the quality of IFA advice given to clients with money deposited with Icelandic banks in the run-up to their collapse in October last year.

The FSA has banned Worcestershire-based financial adviser Norman McCance, and cancelled the permission of his firm, for failing to provide quality and suitable advice.

The Treasury Committee has attacked the quality of IFA advice given to clients with money deposited with Icelandic banks in the run-up to their collapse in October last year.

HSBC shareholders took up 96.6% of the stock on offer in the bank's record £12.9bn rights issue, says The Telegraph.

The ABI has revealed plans to create a new money market fund sector, to help investors and their advisers identify funds with a greater focus on capital stability.

Half of the population would be penniless in less than a month if their income dried up suggests research from AXA Life.

The FTSE 100 is in positive territory this morning with financials climbing on the back of the strong take-up of HSBC's rights issue. At 8.20am, the index was 38.29 points higher, or 0.95%, to 4,067.96.

Lighthouse Group today reports an £8.5m loss and a "marked" 26% decline in revenues in 2008 as the IFA's investment business suffered a sharp drop.

Legal & General (L&G) has launched a lead generation service to members of its mortgage network, offering advisers access to prospective clients from external lead suppliers.