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FSCS recovers £44m from Keydata battle and Lifemark

by Michelle Abrego on Apr 15, 2014 at 15:59

The Financial Services Compensation Scheme has so far recovered £44 million from its legal case against advisers which sold Keydata products and from its holding in Luxembourg-based life settlement fund Lifemark.

Standard Life hits small schemes with £100 fee hike

by Rosie Sells on Apr 15, 2014 at 13:09

Standard Life will introduce a £100 monthly fee for smaller schemes following the annoucement of a 0.75% charge cap.

FCA hits two insurance brokers with warning notices

by Michelle Abrego on Apr 15, 2014 at 11:07

The Financial Conduct Authority has published warning notices against two insurance brokers who failed to ensure proper controls in managing client money.

UK inflation falls to 1.6%; lowest level since 2009

by Max Skjönsberg on Apr 15, 2014 at 10:15

The consumer price index (CPI) fell to 1.6% in March, down from 1.7% in February, according to the Office for National Statistics (ONS).

FSCS hikes adviser levy to £112m for 2014/15

by Jun Merrett on Apr 15, 2014 at 07:47

The Financial Services Compensation Scheme has hiked its levy on advisers for 2014/15 to £112 million.

Overnight Markets: Wall Street inched higher as blue chips rally

by Himanshu Singh on Apr 16, 2014 at 04:13

Shares gained yesterday as earnings from Coca-Cola Co. and Johnson & Johnson overwhelmed concerns that tensions in Ukraine are worsening.

Wednesday Papers: EU adopts landmark banking reforms

by Himanshu Singh on Apr 16, 2014 at 04:10

And a let-up in petrol price rises helped UK inflation fall to 1.6% in March from 1.7% in February.

Pound spikes after inflation fall while FTSE falters

by Daniel Grote on Apr 15, 2014 at 11:28

Slowing demand for metals and poor UK retail sales data weigh on the FTSE 100, but another drop in inflation causes sterling to jump.

Aviva Investors hires former Friends investment chief

by Max Skjönsberg on Apr 15, 2014 at 11:08

Aviva Investors has hired Mark Versey, formerly chief investment officer at Friends Life, as director of client solutions.

Boiler room fraudster in £4m scam sentenced to four years

by Jun Merrett on Apr 15, 2014 at 07:44

A boiler room fraudster has been sentenced for four and a half years for his part in a £4 million scam.

Barclays hires Standard remuneration chief after anger over pay

by Jun Merrett on Apr 15, 2014 at 07:38

Barclays has hired Standard Life's Crawford Gillies as its new remuneration chief following shareholder anger at the bank's bonus payouts.

Tuesday Papers: Ukraine raises rates to defend economy

by Himanshu Singh on Apr 15, 2014 at 03:53

And Google has bought drone manufacturer Titan Aerospace, as both Google and Facebook are racing to provide internet access with aircraft.

Overnight Markets: Citigroup results boost Wall Street

by Himanshu Singh on Apr 15, 2014 at 03:49

Investors shrugged off geopolitical tensions to buy equities after receiving a boost from solid earnings from Citigroup and a strong pick-up in retail sales last month.

FTSE recovers as US rises on Citigroup cheer

by Daniel Grote on Apr 14, 2014 at 16:00

Reassuring results from banking giant Citigroup buoy markets rally after the worrying developments in the Ukraine.

FCA to launch consultation on providers' premium calls

by Michelle Abrego on Apr 14, 2014 at 15:20

The Financial Conduct Authority is set to launch a consultation to stop providers charging high rates for its customer services phone lines.

Facebook targets financial services as e-money provider

by Max Skjönsberg on Apr 14, 2014 at 13:38

Social media network Facebook is set to enter the financial services market by launching an e-money facility.

Nucleus and Cofunds tackle adviser charging tax penalties

by Jun Merrett on Apr 14, 2014 at 13:30

Platforms Nucleus and Cofunds are set to make changes to the way they facilitate adviser charging in an effort to tackle potential tax penalties for clients.

Old Mutual reviews Intrinsic and Henderson joint venture

by Jun Merrett on Apr 14, 2014 at 13:26

Old Mutual Wealth is reviewing the management of network Intrinsic’s fund range Cirilium in a move which may see Henderson Global Investors lose the mandate.

Canada Life extends cooling-off period

by Rosie Sells on Apr 14, 2014 at 12:03

Canada Life customers who were in their cancellation period on Budget day will have until 25 April to cancel their annuity.

Sifa eyes accreditation scheme for personal injury advisers

by Michelle Abrego on Apr 14, 2014 at 10:35

Sifa chairman Ian Muirhead is looking to form an accreditation scheme for financial advisers who specialise in personal injury work.

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