News by: Daniel Grote
Prev Close:
More FTSE charts & pricesPrev Close:
More FTSE charts & pricesPrev Close:
More FTSE charts & pricesWill the last person to leave Aifa please turn out the lights?
If the Association of Independent Financial Advisers wasn't already in a difficult position following the departure of director general Stephen Gay, then it is now.
FOS rules against bank's advice over AIG
The Financial Ombudsman Service has found in favour of two bank clients who complained about advice to place their money in the failed AIG Enhanced fund.
Hargreaves profits jump 28% despite drop in inflows
Hargreaves Lansdown has reported record profits of £72 million for the second half of 2011, a 28% rise compared to the same period in 2010, despite a drop in inflows as difficult market conditions took their toll.
Fears FSA could block sale of Lloyds branches
The Financial Services Authority could block the sale of Lloyds branches to the Co-op, according to the Daily Mail.
Do qualifications matter one jot to professional introducers?
Can qualifications give you an edge with professional introducers? According to Luella Keeley, director of Birmingham & Co, they can't.
Royal London new business rises 6% to £3.3bn
Royal London has reported a 6% rise in new life and pensions business during 2011, with pensions, offshore and wrap businesses Scottish Life, Royal London 360 and Ascentric all experiencing business growth over the 12-month period.
FSCS reform urgent in wake of uncertainty over levy
The need for reform of the Financial Services Compensation Scheme has grown even stronger after it announced its latest levy on advisers.
FSA hits out at sale and rent back market
The Financial Services Authority has hit out at the sale and rent back market, publishing a report that shows most transactions in the market were unaffordable or unsuitable and should never have been sold.
FSCS reveals legal costs of up to £9.2m over Keydata
The Financial Services Compensation Scheme has set aside £3.9 million to cover the legal costs of pursuing the recovery of compensation paid out to Keydata victims, documents from the Financial Services Authority have revealed.
How Standard Life won its £100m Sterling fund court case
On the face of it, Standard Life’s success in its £100 million legal challenge to its professional indemnity insurers over the losses it incurred on the Sterling fund came as a surprise. IFAs should sit up and take notice of the verdict.
Lloyds chief set for £5m payout
Lloyds Banking Group is preparing to hand investment banking chief Truett Tate a £4.8 million payout as he leaves the bank as part of a management reshuffle, according to The Times.
BofE's Tucker calls for stronger bank account protection
Bank of England deputy governer Paul Tucker has called for greater cover for bank accounts to protect those with temporarily high balances that breach the £85,000 compensation limit.
RBS puts jobs at risk after Hoare Govett sale
Royal Bank of Scotland has sold stockbroker Hoare Govett to US investment banking group Jeffries for a nominal sum, as part of its plans to downsize its investment banking division.
Four men admit stock exchange bomb plot
Four men have admitted to a plot to detonate a bomb at the London Stock Exchange, according to reports.