Money Marketing
Online - June 2011
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£26bn of assets in underperforming funds, says Chelsea FS
8 Jun 2011
Almost £26bn of assets now sit in consistently underperforming funds, according to the latest Chelsea Financial Services relegation zone.
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750,000 to strike over public sector pension changes
16 Jun 2011
Cabinet Secretary Francis Maude warns changes to industrial relation laws not ruled out.
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A commonsense approach from the Mansfield
24 Jun 2011
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A fifth of workers failing to save for retirement
7 Jun 2011
A fifth of workers are failing to make any provision at all for their retirement, a survey by Scottish Widows has found.
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Abbey for Intermediaries launches two one-week deals
9 Jun 2011
Both deals are available for a week only and rates start from 1.99%.
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Abbey to allow intermediaries to submit documents online
27 Jun 2011
Intermediaries can upload and amend documents online from tomorrow.
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Aberdeen Asset Management - Aberdeen Emerging Markets Smaller Companies Trust
6 Jun 2011
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Absolute return versus multi-asset investing
4 Jul 2011
Cherry Reynard looks at the differences in approach between absolute return and multi-asset funds.
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Adviser firm struck off for failing to conduct skilled persons report
17 Jun 2011
The FSA says the London-based investment adviser failed to be “open and honest” in its dealings with the regulator.
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Aegon launches three new unit-linked guarantee products
13 Jun 2011
New offshore bonds allow investors to lock-in investment growth on an annual basis.
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Aegon puts Patrick Gale in charge of distribution
14 Jun 2011
Gale will play a more proactive role in “ensuring strong operational performance” in Aegon’s distribution businesses Positive Solutions and Origen.
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Alliance Trust Savings - i.nvest update
29 Jul 2011
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Andrew Fisher: Towry not the enemy of consumers
14 Jun 2011
Towry chief executive defends 12 month non-dealing covenants it imposes on advisers.
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Andrew Fisher's Towry share worth up to £160m
14 Jun 2011
Figures in court reveal Towry IPO value of £800m.
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Andrews elected new president of Pensions Management Institute
22 Jun 2011
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Andy Milburn joins Ageas Protect
24 Jun 2011
Former Munich Re head of marketing joins on an interim basis, as Ageas Protect announces two other senior appointments.
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Another FSA director quits role
16 Jun 2011
Director of authorisations Graeme Ashley-Fenn has resigned for personal reasons.
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Anthony Bolton dismisses China concerns
21 Jun 2011
Fidelity China Special Situations investment trust fund manager Anthony Bolton downplays the tough conditions present in China.
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Apollo doubles fund of funds range
10 Jun 2011
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Arch cru clients can take FSA deal and still claim on IFAs
22 Jun 2011
Investors who agree to the £54m compensation package will still be able to make a claim against their IFA.
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Are IFAs socially useful?
10 Jun 2011
Mike Fenwick asks if an open source approach can make IFAs socially useful and provide some anwers to the problems highlighted by the financial crisis.
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Avelo appoints new chief tech officer
16 Jun 2011
James Thomson previously worked at Odyssey Financial Technologies.
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Average gay sum assured increases by £10k
13 Jun 2011
Research from Compass puts average life cover for gay community at £228,524.
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Aviva confirms details of fixed-term annuity
23 Jun 2011
The provider’s fixed-term retirement plan will allow investors to take limited investment risk through the Aviva guaranteed fund.
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Aviva defined returns reaches double figures
3 Jun 2011
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Aviva set to appoint John McFarlane as chairman
6 Jun 2011
Aviva is set to name John McFarlane as its new chairman, according to reports.
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Aviva to sell RAC for £1bn
23 Jun 2011
Insurer will sell roadside firm to the Carlyle group as it looks to focus on insurance and savings businesses.
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Axa's Kilimanjaro Challenge kicks off
3 Jun 2011
Rachael Adams speaks to some of Axa’s Wealth charity fund team ahead of their attempt to scale Kilimanjaro.
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Bank advisers attacked in Panorama report
14 Jun 2011
HSBC, RBS and Lloyds criticised in damning BBC documentary.
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Bank closure triggers FSCS payout
16 Jun 2011
FSA and Bank of England shut down a small Havant-based bank with retail deposits of £7.4m.
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Bank of England defends monetary policy
21 Jun 2011
BoE executive director for markets Paul Fisher defends decision not to tighten monetary policy.
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Bank of Ireland withdraws bond offer
28 Jun 2011
Bank cites “procedural difficulties” for offer withdrawal because some investors not able to participate.
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Barclays - Woolwich Two-Year Tracker
27 Jun 2011
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Barclays - Woolwich Two-Year Tracker
27 Jun 2011
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Barclays cuts rates for fourth time in six weeks
1 Jun 2011
Rates reduced by up to 0.21% on a number of fixed rates and trackers.
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Barclays extends remortgage LTV to 85%
6 Jun 2011
New 85% LTV deal is 4.69% fixed for two years.
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Barclays to settle all PPI claims
13 Jun 2011
Barclays has promised to settle all PPI claims made before April 20.
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Barclays Wealth - Defined Returns Plan June 2011
10 Jun 2011
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BBA continues to defend PPI sales
28 Jun 2011
Trade body is still defending the way banks sold payment protection insurance, despite recent uproar over widespread misselling.
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Bernanke: Fed unlikely to introduce more QE
8 Jun 2011
Federal Reserve chairman Ben Bernanke says the economic recovery is moving at a moderate pace.
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Berry AM teams with Novia to launch five model portfolios
3 Jun 2011
Berry Asset Management has teamed with Novia to launch five risk-graded managed model portfolios.
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Beware backward-looking asset allocation models
4 Jul 2011
David Aird says backward-looking asset allocation models may construct inadequate portfolios for clients.
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BIS calls for higher interest rates
27 Jun 2011
Tighter monetary policy is required on the global stage to alleviate risks to financial stability, the Bank for International Settlements has warned
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Bluefin appoints new business consultant
13 Jun 2011
Corporate consulting arm hires Xafinity Consulting’s Giles Davis.
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BoE leaves base rate unchanged
9 Jun 2011
Base rate held at 0.5% for 27th consecutive month.
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Bond sales surpass equities in May, says IMA
6 Jul 2011
Bonds saw net inflows of £497m in May, according to the IMA.
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Boxing promoter Barry Hughes in court over mortgage fraud charges
8 Jun 2011
Hughes and his wife alleged to have lied about income on mortgage application.
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Brokers urged to target unserviced bank customers
11 Jun 2011
Research shows 44% of borrowers plan on using broker when looking for next mortgage.
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Cable fires warning shot to banks over lending targets
8 Jun 2011
Vince Cable says Gov’t will be less lenient in its taxation policy towards banks if targets missed.
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Caerus Portfolio Management - HC Caerus UK and European Equity Fund
9 Jun 2011
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Caerus sharpens its focus
9 Jun 2011
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Call for longer Parliamentary scrutiny of new financial services bill
20 Jun 2011
Egerton tells Commons FOS and FSCS issues could be overlooked.
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Cameron wins Greek bail-out battle
24 Jun 2011
European contribution will be limited to eurozone countries.
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Capita says Arch cru package not "admission of liability"
21 Jun 2011
Capita says £30m provision made in 2009 accounts will cover its contribution to the £54m CF Arch cru compensation package.
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Capital Private Finance appoints Ian Baker as sales director
23 Jun 2011
Baker previously John Charcol’s sales manager.
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Castle Trust appoints Keith Abercromby as CFO
27 Jun 2011
Castle Trust has appointed Keith Abercromby as chief financial officer.
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Castle Trust appoints Martyn Guerin as chief operating officer
21 Jun 2011
Guerin joins from Barclays and will head firm’s mortgage team.
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Castle Trust appoints Mikkel Bates as head of marketing
24 Jun 2011
Bates has 30 years’ experience in financial services.
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Castlestone Management - Aliquot Precious Metals Ucits Fund
28 Jun 2011
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Cater Allen Private Bank - Capital Guaranteed Enhanced Growth Plan 6
6 Jun 2011
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Cazenove pair go wary on banks
14 Jun 2011
Peter Harvey and Chris Rice are wary on banks as the European debt crisis deepens.
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Christine Lagarde appointed as head of the IMF
28 Jun 2011
France’s Christine Lagarde is named the first woman head of the International Monetary Fund.
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CII recognises IFP certificate in paraplanning
22 Jun 2011
The Chartered Insurance Institute has now recognised the Institute of Financial Planning certificate in paraplanning under its qualifications framework.
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Clegg calls for public to be given bank shares
23 Jun 2011
Deputy Prime Minister Nick Clegg has called for the public to be given shares in both Lloyds and RBS.
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CML appoints Paul Smee as new director general
23 Jun 2011
Smee takes up position on August 1.
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Coalition rejects calls for Plan B
6 Jun 2011
William Hague says country does not have such a luxury.
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Co-op and Britannia launch new 10-year fixed range
30 Jun 2011
Products available up to 75% and rates start at 5.29%.
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Co-op to launch £871m securitisation
21 Jun 2011
RMBS follows £2.5bn transaction in February 2010.
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Countrywide and MAB launch HNW advisory service
16 Jun 2011
Countrywide signs joint venture with the Mortgage Advice Bureau to launch Capital Private Finance.
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Coventry Intermediaries - 5.99% Flexx Fixed First Time Buyer to 30.6.16
9 Jun 2011
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Coventry targets 90% five-year fix at first timers
10 Jun 2011
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CPS calls for coalition to restore competitiveness to the UK
6 Jun 2011
Centre for Policy Studies says the Government must open public services to competitive forces, deregulate and cut taxes to deliver growth in the UK.
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DB Advisors acquires money market funds from Standard Life
7 Jun 2011
DB Advisors has acquired some of Standard Life Investments money market funds.
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De Fonclare to take over Jupiter European Income
22 Jun 2011
Cedric de Fonclare, the manager of Jupiter’s European special situations fund, has taken over its European income fund from Malcolm Millar, who is leaving the firm.
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Defaqto issues platform due diligence guide
20 Jun 2011
Key areas include financial strength and range of tax wrappers.
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Defaqto on Mansfield Building Society's 3-Year Discounted Rate Remortgage
24 Jun 2011
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Defaqto on Morgan Stanley's FTSE Gilt-Backed Growth Plan 9
16 Jun 2011
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Defaqto on Nationwide Two-Year Fixed
16 Jun 2011
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Default would force ECB recapitalisation, warns F&C's Scott
2 Jun 2011
Europe’s central bank could be forced to recapitalise in the event of a default by Greece, Ted Scott, the director of global strategy at F&C Investments, says.
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Deputy governor says Bank of England ‘can do a lot better’
14 Jun 2011
BoE deputy governor Paul Tucker says the bank could have done better in regulating the financial system.
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DWP to change short-service refund rules
27 Jun 2011
Officials will consider reforms to current short-service refund regulations alongside the treatment of small pension pots and pension transfers.
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ECB president Trichet calls for European finance ministry
3 Jun 2011
Institution would have power to veto national economic decisions.
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Ed Balls calls for further bank bonuses tax plan
6 Jun 2011
Labour shadow chancellor Ed Balls says his party wants to vote on a new tax on bank bonuses to fund schemes for youth jobs and new homes.
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End of QE2 to have little effect on US economy, says Wade
17 Jun 2011
The end of the second round of quantative easing will not have much effect on the US economy, says Keith Wade, the chief economist and strategist for Schroders.
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Equity income trio from BlackRock
3 Jun 2011
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European Council proposes Solvency II delay
23 Jun 2011
Full Solvency II requirements may be delayed until January 1, 2014.
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Expected inflation "anchored" to BoE target, minutes say
13 Jun 2011
Expectations of long-term inflation remain reasonably well anchored to UK’s 2 per cent target, the Bank of England says, despite missing the target every calendar year since 2005.
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Extra supervision will not significantly reduce FSCS costs
28 Jun 2011
FSA chief executive says more supervisory visits unlikely to translate into a significant reduction in the FSCS levy.
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F&C's Porter to head up investment trust activity
30 Jun 2011
F&C has expanded the remit of its head of funds Charlie Porter to take responsibility for investment trusts.
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F&TRC Forum to issue group pensions guidance
3 Jun 2011
Technology provider says guidance will be produced in September following concerns from IFAs about scheme establishment and contribution collection.
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Fears Govt could reject Dilnot's radical LTC cost cap
27 Jun 2011
Concern grows that Cameron and Osborne want to “park report into the long grass”.
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Federal Reserve cuts US growth forecast
23 Jun 2011
Fed says latest round of quantitative easing will end on June 30.
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Financial advice leaving Aussie pension savers worse off - Senator Sherry
27 Jun 2011
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Financial reform: Govt sticks with early disciplinary disclosure plans
16 Jun 2011
Financial Conduct Authority will not have a primary competition objective under latest regulatory proposals.
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First platform-to-platform re-reg completed using SWIFT
14 Jun 2011
Ascentric and Fidelity carry out pilot.
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First State Investments - Worldwide Equity Fund
28 Jun 2011
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Fisher accused of being "aggressive and threatening" to EJ advisers
15 Jun 2011
Towry chief exec says firm wanted to be “nurturing” and “comforting”.
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Fixed protection election form to be available from August
14 Jun 2011
HMRC says form required to lock-in to £1.8m lifetime allowance will be available to advisers in two months.
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Flex for SME launch for BHSF in autumn
23 Jun 2011
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FNZ appoints Martin Jennings as COO for Australia and New Zealand
6 Jun 2011
Ex Elevate MD will be responsible for strategic planning in the region.
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Former Edward Jones adviser denies client solicitation
22 Jun 2011
Adviser Stuart Hutton cites “strong personal relationship” with clients during the Towry/EJ court case.
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Former EJ adviser says clients feared "narrower" service
23 Jun 2011
Some EJ clients not confident of new arrangemnts after Towry Acquisition.
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Former Langbar chief jailed for misleading the market
20 Jun 2011
Stuart Pearson sentenced to 12 months imprisonment and banned from acting as director for five years.
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Former Money Partners chief exec Colin Sanders joins Omni Capital
29 Jun 2011
Sanders joins as chief executive.
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FOS calls for tougher regulation of claims firms
29 Jun 2011
Ombudsman chief executive Natalie Ceeney says she shares the industry’s concerns over the claims management sector.
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Four charged over ‘land banking’ fraud
17 Jun 2011
Four men have been charged after police investigated four companies that were allegedly involved in ‘land banking’ fraud.
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Four major lenders will not lend to Castle Trust borrowers
22 Jun 2011
Santander, HSBC, Barclays and ING Direct say they would not lend to borrowers who take out Castle Trust’s new partnership mortgage.
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French FSA: Eurozone may be at “beginning of the end”
17 Jun 2011
The French regulator has said that Greece’s financial troubles could signal “the beginning of the end” of the eurozone if a restructuring of its debt is allowed to go ahead.
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Friends Life confirms Steve Payne as protection MD
3 Jun 2011
Briggs says appointment underlines plans for expansion in the protection market.
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From minor to major
1 Jul 2011
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FSA and Capita role in Arch cru to be raised in parliament
13 Jun 2011
Conservative MP Alun Cairns to raise concerns in parliament.
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FSA announces £54 million package for CF Arch cru investors
21 Jun 2011
The FSA has announced a £54m package for CF Arch cru investors.
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FSA appoints Nick Poyntz-Wright as head of life insurance
27 Jun 2011
The FSA has appointed former Skandia UK chief executive Nick Poyntz-Wright to head up its life insurance department from September 1, 2011.
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FSA attacks banks over aggressive selling tactics
27 Jun 2011
FSA’s Margaret Cole says high risk of misselling will remain unless banks’ business models are changed.
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FSA bans two IFAs over advice failings
29 Jun 2011
Regulator has also publicly censured Wheatcroft Fox & Company for systems and control failings and failing to co-operate with the FSA.
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FSA cancels brokerage's permissions over unpaid fees
7 Jun 2011
Select Mortgage Services owed £1,675 to the regulator.
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FSA cancels mortgage broker's permissions
3 Jun 2011
Regulator cancels permissions over £1,137 of unpaid fees and levies.
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FSA continues crackdown on landbanking
29 Jun 2011
Landbanking company ordered to pay £920,000 to victims via the FSA.
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FSA could revisit IFA cap-ad deadline
23 Jun 2011
FSA chief executive Hector Sants says regulator is carefully considering whether 2013 cap-ad deadline for personal investment firms should be extended.
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FSA delays MMR proposals until autumn
23 Jun 2011
FSA chairman Adair Turner says proposals need “wide-ranging debate” before final rules published.
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FSA fines trader £700,000 for market abuse
14 Jun 2011
Barnett Michael Alexander ordered to pay additional £322,818 in restitution for manipulating share prices using CFDs and spread bets.
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FSA floats industry-set minimum product standards plan
14 Jun 2011
Regulator cites ABI’s work on critical-illness cover as a good example of industry minimum standards in practice.
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FSA grants temporary extension for some PPI complaints
13 Jun 2011
The FSA has agreed a temporary extension for Barclays, Lloyds Banking Group and RBS to handle the backlog of payment protection insurance complaints.
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FSA hints at restructure timetable delay
29 Jun 2011
Sants refers to completion deadline of early 2013 for move to PRA and FCA.
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FSA hints on relaxed Solvency II deadline
23 Jun 2011
FSA chief executive Hector Sants says European Commission is considering whether January 1, 2013 deadline is achievable.
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FSA insists it will not speed up FSCS review
15 Jun 2011
The FSA has reiterated its stance on reviewing the FSCS, saying that it cannot speed up the process until regulation in Europe is finalised.
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FSA issues pension loans warning
13 Jun 2011
Regulator urges “extreme caution” over schemes which allow investors to access a loan worth up to 50 per cent of their pension before age 55.
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FSA launches review into how banks fight investment fraud
22 Jun 2011
Thematic review to see what banks can do to fight fraudsters.
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FSA names six accredited bodies
6 Jun 2011
Regulator has published the six organisations it is likely to grant accredited body status.
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FSA orders lenders to improve broker vetting
22 Jun 2011
FSA says lenders should not rely on FSA register checks alone.
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FSA refers two banks to enforcement over high-risk customers
22 Jun 2011
The FSA has referred two banks to its enforcement division after spotting a number of serious weaknesses in their systems and controls for managing high-risk customers.
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FSA report into RBS to be "openly self critical"
23 Jun 2011
Lord Turner says FSA will produce most “openly self critical report of any organisation.”
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FSA secures first boiler room fraud conviction
14 Jun 2011
David Mason sentenced to two years in prison.
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FSA secures winding-up order against land bank
8 Jun 2011
FSA continues its crackdown on land banks in the High Court.
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FSA staff turnover doubles in a year
13 Jun 2011
FSA chief executive Hector Sants was highest paid director over the last year, earning £806,810.
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FSA tells consumers advice under RDR won't cost more
3 Jun 2011
Regulator updates consumer website to say RDR will not hamper access to advice.
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FSA to amend adviser charging rules
6 Jun 2011
Proposed adviser charging rules to refer to cancellation of ongoing advice service “without penalty.”
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FSA to issue guidance on structured product terms
6 Jun 2011
Firms will have to explain to consumers what is meant by terms such as ’guaranteed’, ’protected’ and ’secured’.
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FSA unites with SFO for bribery act clampdown
1 Jul 2011
Financial companies can expect increased scrutiny from prosecutors and regulators as the UK’s bribery laws come into force today.
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FSA warns on Exchange Traded Products
15 Jun 2011
Regulator concerned over marketing and promotional material.
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FSA wealth manager warning: 80% of files show risk of unsuitable service
14 Jun 2011
The FSA has sent a Dear CEO letter to wealth managers after it reviewed 16 firms’ files.
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FSCP: FCA 'needs to tackle root causes not symptoms'
28 Jun 2011
The Financial Services Consumer Panel calls for detrimental business models to be tackled, not just individual problems.
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Fund platforms see record gross Isa sales in April, IMA stats
6 Jun 2011
Fund platforms have confirmed this £1.3 billion in Isa sales is the highest on record.
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Gilt-backed opportunity from Morgan Stanley
16 Jun 2011
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Global growth investment trusts most popular, AIC stats.
20 Jun 2011
Global growth, UK and income investment companies were the most viewed on the AIC website.
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Government finalises Nest trustee line-up
23 Jun 2011
Pensions minister Steve Webb confirms appointment of Iraj Amiri, Sharon Darcy and Nigel Stanley to the Nest trustee board.
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Government may scrap higher-rate pension tax relief
20 Jun 2011
The Chancellor is considering scrapping higher-rate pension tax relief, according to a report in the Sunday Telegraph.
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Government may scrap Nest contribution cap
15 Jun 2011
DWP “concerned” current annual limit of £4,200 will not be effective in meeting the scheme’s policy intentions.
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Government opens FirstBuy scheme
21 Jun 2011
Housing minister Grant Shapps has launched the £500m scheme aimed at helping first time buyers.
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Government refuses to back down on state pension age
21 Jun 2011
Duncan Smith willing to discuss transitional arrangements but refuses to budge on timetable for state pension age rises.
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Gov't confirms schemes will not have RPI rules amendment power
16 Jun 2011
DWP says allowing pension schemes to change their rules to accommodate CPI inflation could “severely damage” members’ trust.
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Gov't facing auto-enrolment opt-out problems
16 Jun 2011
IoD says employer research suggests reforms could be “defeated” by high opt-outs.
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Govt must publish report into future of Northern Rock, says MP
3 Jun 2011
Lib Dem MP Sir Alan Beith says not publishing the Deutsche Bank report would destroy credibility of any decision based on it
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Gov't plans to release land to build 100,000 new homes
8 Jun 2011
Gov’t departments to release thousands of acres to house builders by 2015.
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Govt proposes new statutory residency test
17 Jun 2011
Treasury to introduce new £50k annual charge and residency test aimed at removing uncertainty.
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Govt to allow consumer groups to force probes into financial misselling
27 Jun 2011
Consumer groups will be given power under the FCA to force investigations into misselling.
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Gov't to outline terms of public sector pensions deal
17 Jun 2011
Chief Secretary to the Treasury Danny Alexander to offer contribution increase concessions to low-earners in an effort to limit opt-outs.
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Govt under pressure to delay state pension age increase for women
20 Jun 2011
Pressure increasing to delay raising the retirement age for women ahead of the pensions bill’s second reading today.
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Gov't urged to clarify GMP equalisation stance
15 Jun 2011
The Association of Consulting Actuaries calls on policymakers to bring an ECJ test case to clarify how mens’ and womens’ GMPs can be equalised.
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Greece restructuring “not an option”, says ECB official
6 Jun 2011
Debt restructuring is not an option for eurozone countries that have accepted the recent bailouts from the IMF and the EU, a member of the European Central Bank governing council has said.
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Greek default a near certainty, claims Ignis' Thomson
29 Jun 2011
Greece is almost certain to default during the coming 18 months, according to Ignis Asset Management’s chief economist.
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Greek finance chief replaced after new bailout
17 Jun 2011
George Papandreou, the Greek president, has replaced his finance minister after agreeing a new bailout deal with the country’s partners.
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Greek parliament approves austerity package
29 Jun 2011
The Greek parliament has narrowly voted in favour of the £25bn package of austerity measures.
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Grid service standards charter and new business templates set for September launch
23 Jun 2011
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Gross lending by mutuals up 20% year-on-year in May
29 Jun 2011
Mortgage approvals up 15% to £1.8bn.
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Gross lending to increase 10% by end of 2012, says CML
1 Jun 2011
Gross advances to increase from £136bn in 2010 to £150bn in 2012.
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Gross mortgage lending up 12% in May
20 Jun 2011
£11.3bn gross lending figure 1% up on May 2010.
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Half not saving enough for retirement - Widows
23 Jun 2011
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Has the Government done enough to aid UK recovery?
28 Jun 2011
Leading fund managers Stewart Cowley and Trevor Greetham clash over Government austerity measures.
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Henderson looks at trimming strategic bond range
16 Jun 2011
Henderson is looking at merging one of its strategic bond fund range following the departure of James Gledhill.
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Henderson to launch emerging markets currency fund
6 Jun 2011
Henderson Global Investors will launch a new Emerging Markets Currency fund later this year.
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Henderson to merge away trio of Gartmore multi-manager funds
13 Jun 2011
Henderson is to merge away a trio of Gartmore multi-manager funds and is re-shuffling the managers across its range.
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Hinckley & Rugby Building Society - Five Year Fixed
16 Jun 2011
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Hoban urges caution over European lobbying
22 Jun 2011
Treasury Financial Secretary says being too “robust” risks “destroying” chances of gaining regulatory concessions in Europe.
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Honister advice firms make £710k loss
8 Jun 2011
Alan Easter has left the firm to pursue “other business opportunities”.
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House prices down 1.1% year-on-year in June
30 Jun 2011
Average price now £168,205.
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House prices down 2.2% year-on-year in May
28 Jun 2011
Prices fell by 0.4% between April and May.
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House prices down 4.2% year-on-year in May
7 Jun 2011
Prices increased by 0.1% to £160,519 between April and May.
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House purchase approvals static in May
29 Jun 2011
45,940 approvals slightly lower than six-month average of 45,957.
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HSBC granted more time on PPI complaints
16 Jun 2011
Move follows same temporary extension given to Barclays, Lloyds and RBS by the FSA this week.
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HSBC to cull 460 advisers due to RDR
30 Jun 2011
RDR forces cuts of 460 financial planning manager positions.
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HSBC to pay out $62m to Thema Madoff victims
8 Jun 2011
Settlement equivalent to 20 cents on dollar for fund’s $312m real losses.
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HSBC to shut long-term care advice business
21 Jun 2011
Bank says the Nursing Homes Fees Agency “no longer forms part of the group’s strategic direction”.
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If it’s broken, fix it!
10 Jun 2011
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IM UK equity and bond funds gather momentum
3 Jun 2011
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IMA appoints Morningstar UK to monitor fund sectors
29 Jun 2011
The IMA has appointed Morningstar UK to monitor funds classified to the IMA sectors.
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IMA delays new managed sector implementation date
15 Jun 2011
The IMA has pushed back the implementation date for its managed sectors to October 1, 2011.
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IMA wants FSA probe into advisers who sold Keydata
8 Jun 2011
The IMA is calling on the FSA to launch an inquiry into advisers who recommended Keydata and Lifemark products.
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IMA: Lack of FSCS reform will damage UK appeal
10 Jun 2011
Trade body warns UK competitiveness will be hit if FSCS is not reformed and repeats call for an inquiry into Keydata failure.
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IMF seeks Greek bail-out assurances
21 Jun 2011
IMF has blocked a £10.6bn aid payment until it receives assurances of new bail-out package.
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IMF: No changes to economic policy needed
6 Jun 2011
IMF says no change to policy necessary unless risks to growth and inflation emerge.
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Incapital MD Chris Taylor resigns and launches his own consultancy
29 Jun 2011
Incapital managing director Chris Taylor has resigned and has launched his own consultancy.
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Increasing capital requirement will stunt lending, says HSBC
9 Jun 2011
Increase of even 1% will stop billions of pounds being lent.
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Inflation hitting poorest hardest, says IFS
14 Jun 2011
Inflation has affected those on lower incomes worse than those on higher incomes, according to the Institute for Fiscal Studies (IFS).
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Insurers on 'dodgy ground' if withholding SME claims history - compliance expert
30 Jun 2011
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Intelliflo integrates with Ascentric
20 Jun 2011
Integration will allow users to obtain valuations electronically.
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Intermediaries abusing buy-to-let for self-cert borrowers
23 Jun 2011
FSA says brokers are “gaming” lenders’ systems to bypass stringent income checks.
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Inv Trust boards failing to take advantage of RDR, says expert
27 Jun 2011
John Newlands of Brewin Dolphin says investment trusts are not taking full advantage of RDR opportunities.
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Investec kick out with deposit plan
24 Jun 2011
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Investec Structured Products - FTSE 100 Accelerated Growth Plan 26
10 Jun 2011
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Investec Structured Products - FTSE100 Kick-Out Deposit Plan 21
10 Jun 2011
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Investment trusts: the case for consideration
7 Jun 2011
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Investors may run from IMA managed sector revamp
4 Jul 2011
Jonathan Willcocks says investors could be deterred by the IMA’s proposals to rebrand the managed sectors A,B and C.
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James Gledhill leaves Henderson
14 Jun 2011
Henderson director of retail, fixed income James Gledhill has been made redundant.
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James Gledhill takes fixed income role at Axa
23 Jun 2011
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JC Flowers backs new investment and mortgage business
20 Jun 2011
Firm will be chaired by former FSA chairman Callum McCarthy.
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Jelf makes pre-tax profit of £800,000
6 Jun 2011
But firm’s financial planning revenues drop 11 per cent.
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JOHCM to launch three more funds this year
28 Jun 2011
JOHCM plans to launch another global equity fund and two equity funds investing in Asia excluding Japan later this year.
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Jonathan Polin quits Ignis
2 Jun 2011
Polin to leave at the end of July after seven years at Ignis.
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JP Morgan pays $154m to end US fraud case
22 Jun 2011
JP Morgan alleged to have misled investors in mortgage-relates security.
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JPMorgan Asset Management - Highbridge Diversified Commodities Fund update
22 Jun 2011
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Kensington launches capped tracker range
6 Jun 2011
Rates start from 3.14%.
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Kensington Mortgage Company - Two Year Capped Tracker 60% LTV
7 Jun 2011
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Kensington Mortgage Company - Two Year Capped Tracker 75% LTV
7 Jun 2011
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Kensington Mortgage Company - Two Year Capped Tracker 80% LTV
7 Jun 2011
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Kilimanjaro Challenge diary: Africa, rugby and preparation for the climb
7 Jun 2011
IFA Stuart Doughty says excitment in the team is rising as the participants in Axa Wealth’s Kilimanjaro Challenge arrive in Africa and get ready to start the ascent
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King: Europe must not restrict FPC remit
16 Jun 2011
Bank of England Governor Sir Mervyn King says FPC must be able to apply tools to national circumstances.
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Kleinworth Benson completes £26.4m acquisition of Close Offshore Group
1 Jun 2011
Kleinwort Benson has completed its purchase of Close Offshore Group for £26.4m.
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L&G to launch environmental index fund
9 Jun 2011
Legal & General Investments is to launch a fund on June 16 investing in a global environmental stockmarket index.
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Large employers shun advisers not at QCF Level 4
9 Jun 2011
BWD: 35 per cent of advisers yet to pass any Level 4 exams.
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Later life career disruption slashes retirement pots
29 Jun 2011
Aviva survey suggests “unwanted or unplanned” post-55 career changes has a “detrimental impact” on retirement finances.
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Leeds BS appoints Peter Hill as new chief executive
24 Jun 2011
Hill steps into chief exec role because favoured candidate David Pickersgill is on sick leave.
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Lenders are squeezing SVR borrowers, says Which?
22 Jun 2011
Consumer champion says 95% of lenders failed to cut SVRs since base rate dropped to 0.5%.
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Lenders' underwriting teams overstretched, says FSA
22 Jun 2011
Regulator says some teams too junior to spot mortgage fraud risk.
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Lessons to be learned from PPI
2 Jun 2011
Vertex senior business consultant Stuart Hayman looks at what financial serivceses can do to mitigate the repuational damage caused by PPI claims
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LGIM director on extended sick leave
28 Jun 2011
Legal & General Investment Management director and head of global high yield David North has gone on extended sick leave.
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Lib Dems call for 'total separation' of banks
4 Jul 2011
Lib Dem MP Adrian Sanders and Lord Smith say ICB proposal to ringfence retail banks will not protect the tax payer.
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Lighthouse to provide advice for CSMA
6 Jun 2011
Exclusive contract with Civil Service Motoring Club will run for two years.
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Liontrust posts £1.7m loss following restructure
15 Jun 2011
Liontrust has announced a pre-tax loss of £1.7m following an extensive restructure within the asset manager.
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Lloyds mortgage boss and CML chairman Colin Walsh to quit
22 Jun 2011
No date agreed and Walsh will oversee transition to new structure within bank.
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Lloyds most exposed to "vulnerable" high LTV borrowers
27 Jun 2011
60% of Lloyds’ £345bn mortgage book is classed as “high” or “very high” LTV.
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Lloyds prepared to list 600 branches if bids fall short
10 Jun 2011
Bank operating “dual-track” process with sale still likely.
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Lloyds set to axe 15,000 more jobs
13 Jun 2011
Reports suggest Lloyds Banking Group is preparing to axe 15,000 jobs as part of a £1bn cost saving plan.
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Lloyds to retain 60 per cent stake in St. James's Place
30 Jun 2011
Lloyds Banking Group has confirmed that it will keep its 60 per cent stake in St James’s Place.
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Lloyds to spare Scottish Widows in strategic review
6 Jun 2011
Scottish Widows thought to be considered too valuable to off-load.
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Lord Lawson: Govt should completely separate universal banks
15 Jun 2011
Ex-Chancellor Lord Lawson says Government should go further than ring-fencing and completely split universal banks.
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LV= partners with Barclays Stockbrokers to offer execution-only Sipp investments
14 Jun 2011
LV= says deal will allow IFAs and Sipp customers “immediate and direct” access to Barclays’ execution-only trading platform.
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M&G to merge two UK equity income funds
13 Jun 2011
M&G is merging its £208m income fund with its £521m dividend fund.
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MAM Funds plan Oeic version of diverse income trust
8 Jun 2011
MAM Funds plans to launch a UK equity income multi-cap fund managed by Gervais Williams and Martin Turner.
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Man arrested over unauthorised investment scheme
28 Jun 2011
The FSA and the Dorset Police search two premises in Poole.
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Man Group launches fettered Ucits fund
22 Jun 2011
Man Group has today launched the first combined Ucits fund since the group’s acquisition of GLG Partners in 2010.
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Mansfield Building Society - Two-Year Fixed Rate Mortgage
28 Jun 2011
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Mark Hyde Harrison to replace Tomlinson as NAPF chairman
21 Jun 2011
Barclays UK Retirement Fund chief executive Harrison will replace Lindsay Tomlinson when his two-year term ends in October.
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Markets predict no rate rise before August 2012
22 Jun 2011
M&G bond manager Mike Riddell says market is pricing in a first UK interest rate hike in August 2012.
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Marlborough Fund Managers - Multi Cap Income Fund
13 Jun 2011
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Marlborough takes smid approach to UK equity income
22 Jun 2011
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Mercer launches diversified growth fund for workplace savings offering
22 Jun 2011
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Mercer to offer enhanced annuity underwriting on workplace platform
8 Jun 2011
Consultant links with The Open Market Annuity Service to offer medical underwriting on its corporate platform.
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Merchant Capital – Kick Out Plan World Indices
24 Jun 2011
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Mervyn King receives a knighthood
13 Jun 2011
Bank of England governor Mervyn King was awarded a knighthood in the Queen’s birthday honours list.
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Meteor Asset Management - Dynamic FTSE Growth Plan 2
14 Jun 2011
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Meteor Asset Management – FTSE 100 Income Deposit Plan
14 Jun 2011
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Meteor drops Lehman-backed product judicial review
22 Jun 2011
Firm will repay couple £20,000 as it drops judicial review of FOS decision.
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MetLife joins Pica board
2 Jun 2011
Pressure for reform of the open market option mounts as provider joins Pica.
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Miliband labels pensions strikes a "mistake"
28 Jun 2011
Labour leader urges trade unions to back down from industrial action this Thursday.
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Money Advice Service launches free online health check
8 Jun 2011
The MAS will start a £4m nationwide advertising campaign on June 9.
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Moody's downgrade Portuguese debt to junk status
6 Jul 2011
Portugal’s debt has been downgraded to junk status by credit ratings agency Moody’s today.
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Moody's downgrades Kensington and Money Partners RMBS
3 Jun 2011
90 days arrears rates in Kensington and MP’s RMBS tranches 29% and 34.3% respectively.
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Moody's warns of US downgrade
3 Jun 2011
Ratings agency says downgrade possible if US fails to raise cap on borrowing.
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Morgan Stanley IQ - FTSE Gilt Backed Growth Plan 9
9 Jun 2011
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Mortgage product numbers reach three-year high
6 Jun 2011
Mortgage Brain says there are now 11,996 live products on its sourcing system.
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Mortgages fall to lowest ever rate, says Moneyfacts.co.uk
27 Jun 2011
Moneyfacts.co.uk says rate falls down to lower funding costs.
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MPC far from calling for more QE, says Tucker
29 Jun 2011
Deputy governor Paul Tucker has told MPs the MPC is a long way from calling for extra stimulus for the economy.
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MPC swings 7-2 in favour of keeping rates at 0.5%
22 Jun 2011
New MPC member Ben Broadbent votes to keep rates the same.
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MPs call for extra independents on FPC
8 Jun 2011
FPC has only two external members less than one week before its first meeting.
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MPs call on RBS to explain £25bn boost in capital position
2 Jun 2011
MPs say reporting standards being used by RBS may be “distorting” the banks capital position.
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Multi-asset or Multi-manager
22 Jun 2011
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Nationwide Building Society - Five-Year Fixed Rate Mortgage
30 Jun 2011
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Nationwide Building Society - Three-Year Fixed Rate Mortgage
30 Jun 2011
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Nationwide Building Society - Two-Year Fixed Rate
16 Jun 2011
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Nationwide Building Society - Two-Year Fixed Rate Mortgage
9 Jun 2011
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Nationwide Building Society - Two-Year Fixed Rate Mortgage
30 Jun 2011
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Nationwide cuts two-year 50% LTV fixes by 0.15%
2 Jun 2011
Rates start from 2.99%.
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NatWest Intermediary Solutions - Core Range - 2 Year Fixed Buy-to Let Purchase Only
13 Jun 2011
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NatWest Intermediary Solutions - Corporate Range 2-Year Fixed Remortgage
27 Jun 2011
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Nest confirms retirement panel providers
22 Jun 2011
Canada Life, Just Retirement, L&G, Partnership and Reliance Mutual join Nest’s retirement panel as the scheme builds its shopping around process.
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Nest names the five annuity providers on its retirement panel
22 Jun 2011
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New IMF chief calls on Greece to unite
29 Jun 2011
New IMF chief Christine Lagarde calls on Greek politicians to unite ahead of crucial austerity package vote.
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New Star IT is relegated for lack of liquidity
13 Jun 2011
The New Star investment trust has been relegated from the FTSE all-share and small cap indices of UK stocks after failing liquidity tests.
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New website to rank IFAs
3 Jun 2011
VouchedFor.co.uk goes up against Unbiased but only lists fee-based IFAs according to client feedback.
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Newlife launches two new home reversion plans
30 Jun 2011
Consumers can release a minimum of £25,000 or 25% of property’s value.
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OBR must improve projections, says Redwood
3 Jun 2011
Conservative MP John Redwood says ’optimistic’ forecasts could damage the OBR’s reputation.
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OBSR: Net exports save struggling UK economy
6 Jun 2011
OBSR investment strategist Andy Brunner says high net exports saved the UK from going back into recession in the first quarter of 2011.
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OFT threatens to remove Swift's credit licence
23 Jun 2011
OFT warns Swift it must improve its practices or risk removing its credit licence.
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O'Neill quits Standard Life following investigation
3 Jun 2011
Investigation dropped as former Vebnet chief executive leaves to pursue “other interests”.
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Openwork appoints new chief executive
30 Jun 2011
COO McIntyre replaces Martin Davis.
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OPM Fund Management - EFA OPM Diversified Target Return Fund
2 Jun 2011
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OPM Fund Management - EFA OPM Worldwide Opportunities Fund
2 Jun 2011
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Osborne puts Northern Rock up for sale
16 Jun 2011
Reports suggest bank will be valued at £1bn.
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Osborne to back retail bank ring-fencing
15 Jun 2011
Chancellor will affirm his support for the ICB’s recommendation to protect retail banking operations from riskier investments.
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Osborne: We must see pension reform through
6 Jun 2011
Chancellor George Osborne says completing state pension age and public sector pension reform is essential.
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Osorio to put Widows' "front and centre" after Lloyds review
29 Jun 2011
Lloyds chief executive Antonio Horta-Osorio will confirm plans to retain Scottish Widows as it looks to profit from the post-RDR “mass market” advice gap.
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Panorama to lift the lid on bank advice
13 Jun 2011
Bank advice has again been put under the microscope after a BBC Panorama investigation found advisers in high street banks misleading their clients.
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Parmenion in Hargreaves Lansdown hire
13 Jun 2011
Platform has appointed Jeanette Cook as head of compliance.
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Partnership - Enhanced Lifetime Mortgage
16 Jun 2011
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Partnership launches enhanced equity release product
15 Jun 2011
Partnership has unveiled an enhanced equity release product aimed at homeowners with health or lifestyle issues.
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Partnership's Philip Brown to join LV=
6 Jun 2011
Brown will head up LV=’s retirement proposition.
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Pensions regulator uncovers DC governance issues
21 Jun 2011
One in four DC schemes unable to judge whether charges incurred by members represent “value for money”.
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Pimco launches credit fund that minimises interest rate risk
27 Jun 2011
PIMCO launches fixed income fund that hedges against interest rate risk.
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Platform reduces rates and launches new buy-to-let products
7 Jun 2011
Lender also launches range of products with no ERCs.
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Platforms meet 2 out of top 10 adviser expectations
7 Jul 2011
Defaqto says providers fail to meet top 3 most important service aspects.
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Pointon York - Sharia Compliant Pointon York e-Sipp
20 Jun 2011
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Pointon York - Sharia Compliant Pointon York Individual Sipp
22 Jun 2011
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Pointon York - Sharia Compliant Pointon York Single Investment Sipp
22 Jun 2011
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Pointon York launches Sharia compliant Sipp range
6 Jun 2011
Sharia compliant investments will be available though the firm’s full range of Sipp products.
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'Poor Isa' to offer £200 extra tax-free allowance
4 Jul 2011
David Cameron is today expected to back call for Big Society Isa offering increased allowance in exchange for investing in social projects.
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Posen slams BIS over interest rate criticism
28 Jun 2011
MPC committee member Adam Posen has slammed the Bank for International Settlements for its comments over the UK’s soft interest rate policy.
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PosSol launches adviser charging roadshows
2 Jun 2011
Roadshows designed to offer advisers “practical help” as RDR approaches.
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PRA could introduce new wind up mechanism for insurance firms
21 Jun 2011
FSA head of insurance Julian Adams says a mandated winding up mechanism could be introduced if short-comings are found in existing structures.
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PRA will have limited power over insurers passporting into UK
20 Jun 2011
FSA head of insurance Julian Adams says regulator will be relying on other regulators to help ensure fair treatment of UK and non-UK insurance firms.
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Precise Mortgages to launch interest-only product
29 Jun 2011
Firm says it will lend at up to 75 per cent loan-to-value on an interest-only basis.
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Principality Building Society - 2-Year Buy-To-Let Tracker
16 Jun 2011
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Principality Building Society - Two-Year 2.74% Fixed – Direct
30 Jun 2011
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Pru merges trio of funds into M&G range
20 Jun 2011
A range of Pru funds are to merged into their M&G counterparts.
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Prudential offers more guarantees on life and pensions funds
22 Jun 2011
Prudential is adding guaranteed options to two of the life and pensions funds.
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PSigma Asset Management - Global Equity Fund
13 Jun 2011
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PSigma capitalises on global trends
24 Jun 2011
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PSigma sets out strategy for global equity income fund
7 Jun 2011
PSigma Asset Management will use a GDP-focused benchmark in its global equity income fund.
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Rare stamps show dangers of unregulated investments
24 Jun 2011
Ian Lowes points to hypocrisy in recent structured product news coverage and highlights concerns about unregulated investing.
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Rathbones investment management head to step down
1 Jul 2011
Richard Lanyon to step down after 10 years.
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Regulator appoints trustee to seize control of pension reciprocation accounts
22 Jun 2011
Independent trustee firm has seized control of the bank accounts of six pension schemes due to concerns that the loans could be legally void.
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Repossessions up 17% in Q1
21 Jun 2011
FSA says number of cases in arrears fell 8% between Q4 2010 and Q1 2011.
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Resolution to return £500m to shareholders
7 Jun 2011
Resolution will return £250m via on-market share buyback and £250m in first half of 2012.
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Ring-fencing banking activities will create more risk, says RBS chief
9 Jun 2011
Stephen Hester says ring-fencing will be costly to the banking industry and increase risk.
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Risky portfolio rebalancing threatens stability, says BoE's Fisher
30 Jun 2011
BoE executive director Paul Fisher says search for returns in low-yield environment could increase risks to financial stability.
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Roubini warns of eurozone break-up
14 Jun 2011
Nouriel Roubini, the chairman of Roubini Global Economics, has warned the eurozone will break up if it fails to find a more radical solution to its current problems.
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Royal Bank of Scotland - Volatility Controlled Cautious Managed Fund and Volatility Controlled Balanced Managed Fund update
6 Jun 2011
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Royal London completes Royal Liver takeover
1 Jul 2011
Royal London has completed its takeover of Royal Liver.
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S&P gives Greece worst sovereign rating
14 Jun 2011
Standard & Poor’s yesterday downgraded Greece to CCC - the worst sovereign rating in the world.
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Santander Private Banking hires new managing director
10 Jun 2011
Sue Hayes was previously managing director of Santander Business Banking.
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Sants: Judgement based approach is justified
21 Jun 2011
PRA chief executive designate says different incentives and data available to regulators justify new “forward looking” approach.
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Sants: People will not be excluded from advice under RDR
23 Jun 2011
FSA chief executive says access to advice post-RDR is an “utterly understandable concern”.
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Sants: PPI was a missed opportunity to restore trust
29 Jun 2011
FSA chief executive Hector Sants tells banks misselling scandal was a missed opportunity to restore customer confidence.
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Sants: 'Supervision of insurers will be more intense than for banks'
20 Jun 2011
PRA chief executive designate Hector Sants says protecting policyholders is likely to make supervision more intense.
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Saunders: IMA managed sector labels proposal "best answer" for the industry
8 Jun 2011
IMA chief executive expects some absolute return funds to migrate to the new managed D peer group.
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Schroder UK mid 250 ditched from OBSR ratings
1 Jul 2011
OBSR has removed the Schroder UK mid 250 fund from its ratings service.
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Schroders appoints Bob Jolly as head of global macro
20 Jun 2011
Schroders has appointed Bob Jolly to a new role on its fixed income team.
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Schroders' Buxton: Patience needed for high street investment
30 Jun 2011
Schroders’ head of UK equities Richard Buxton says there will be opportunities in the UK retail sector.
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Schroders postpones launch of commodities investment trust
21 Jun 2011
Trust was to be to run by its specialist absolute return multi-managers firm.
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Schroders to add third low-cost fund to range
23 Jun 2011
Schroders is adding a third low-cost fund in the multi-asset space.
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Scottish Government launches mortgage indemnity scheme
29 Jun 2011
Gov’t hopes it will result in higher LTV mortgages made available to borrowers without big enough deposit.
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Serious Fraud Office appoints Simon Duckworth as non-exec director
13 Jun 2011
Barings targeted return fund chairman Simon Duckworth joins SFO.
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Sesame hit with £8.5m complaints bill
28 Jun 2011
Accounts for 2010 reveal £8,497,000 provision.
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Ship looks to expand membership to advisers
7 Jun 2011
Former Aifa director general Paul Smee to head committee to look at expanding membership.
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Should advisers charge for handling protection claims?
14 Jun 2011
Peter Chadborn asks whether and how advisers should charge for handling protection claims post-RDR.
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Skandia hands global dynamic equity mandate to Lapides
6 Jun 2011
Skandia has handed Lapides Asset Management to run a mandate in the global dynamic equity fund.
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Skandia Investment Management - Asian Equity Fund
20 Jun 2011
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Skandia takes aggressive approach to Asia
28 Jun 2011
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Skandia teams up with Milestone for rebate solution
7 Jun 2011
Firms say pControl programme enables unit and cash rebates.
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Skipton Building Society - Buy-To Let Two Year Tracker
9 Jun 2011
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Strauss-Kahn case in doubt
1 Jul 2011
The case against the former IMF head appears to be in trouble after reports about the alleged victim’s credibility.
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Suffolk Life to target "mass affluent" investors with Sipp launch
2 Jun 2011
Provider hopes to leverage increased popularity of platforms with SmartSipp product launch.
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Surveyor charged with £10m Bank of Scotland mortgage fraud
7 Jun 2011
Mary-Jane Rathie overvalued properties in exchange for “gifts”.
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Tenet disputes FOS award increase
6 Jun 2011
Increase in FOS award limit to £150k means IFAs are being unfairly treated, says Tenet.
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The role of the Big Society Bank in growing the market for social investments
10 Jun 2011
IPSOS Mori head of financial services Charles Adriaenssens says the Big Society Bank has a key role to play in the development of social investments.
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Thoresen shines light on problems with UK insurance industry
23 Jun 2011
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Three people charged over £10m "ponzi" scheme
28 Jun 2011
Three individuals have been charged in connection with an alleged £10m fraudulent investment scheme.
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Towry begins court action against former Edward Jones advisers
9 Jun 2011
National IFA says advisers breached restricted covenants.
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Trade bodies team up to battle EU mortgage regulation
29 Jun 2011
Five trade bodies calling for principles-based and proportionate approach to regulation.
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Treasury issues call for evidence on income tax/NIC merger
11 Jul 2011
Policymakers believe integrating the two systems will remove economic distortions, reduce burdens on business, and improve fairness across individual earners.
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Treasury orders review of pension taxation
11 Jul 2011
Treasury orders Office of Tax Simplification to review pensioner tax system and employee share schemes ahead of the 2012 Budget.
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Trevor Matthews takes over as Aviva UK CEO
2 Jun 2011
Trevor Matthews to join Aviva as new UK CEO as Mark Hodges moves to become Towergate Insurance CEO
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Trio join FSCS board
24 Jun 2011
Trio replace Sandy Kinney, Chris Woodburn and Terry Connor, who complete their time on the board.
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Two jailed for part in £50m mortgage fraud
14 Jun 2011
Saghir Ahmed Afzal and Ian McGarry jalied for total of 20 years.
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Tyrie urges banks to go public on ringfencing concerns
30 Jun 2011
Banks should go public on their concerns about ringfencing, TSC chairman Andrew Tyrie has urged.
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Tyrie: 10 questions the ICB must answer
30 Jun 2011
Treasury select committee chairman Andrew Tyrie has set out 10 questions the Independent Commission on Banking should answer in its final report.
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UK Govt warns Europe against "unpicking" Basel III
30 Jun 2011
Treasury financial secretary Mark Hoban says European law makers should stick to Basel III rules.
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UK growth figure left at 0.5%
28 Jun 2011
The UK economy grew at 0.5 per cent during the first quarter of the year, the government’s final figures confirm.
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UK inflation stays at 4.5 per cent
14 Jun 2011
UK CPI inflation rate remained unchanged at 4.5 per cent in May.
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UKAR chief warns of "tsunami" of repossessions when rates rise
28 Jun 2011
Britain will face a wave of house repossessions as soon as interest rates start to rise again, UKAR chief warns.
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Unbiased relaunches website to offer full service proposition
17 Jun 2011
Unbiased.co.uk has added an accountant search and relaunched as an integrated advice site.
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Unemployment falls to 2.43m
15 Jun 2011
The total number of unemployed falls by 88,000 in the last three months to April.
-
US regulator sues JP Morgan and RBS for $800m
21 Jun 2011
National Credit Union Administration claims firms misrepresented risk associated with mortgage-backed securities.
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US risks downgrade from AAA to B+, says Fitch
9 Jun 2011
Fitch says it will downgrade the US from AAA to B+ if it does not increase the maximum amount it can borrow by August 2 and fails to make its first debt repayment after that date.
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US uses UK 'light touch' regulation as warning
7 Jun 2011
US Treasury secretary Tim Geithner says ’tragic ending’ should serve as a lesson to countries changing regulatory structures.
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U-turn on SFO split plan
9 Jun 2011
National Crime Agency will now house co-ordinating board for agency.
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Walker Crips Structured Investments - Defensive Dual Index Plan (Kick-out) Issue One
2 Jun 2011
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Walker Crips Structured Investments - Dual Index Plan (Kick-Out) Issue 6
2 Jun 2011
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We must raise income protection standards
14 Jun 2011
Matt Morris says income protection terms offered by insurers are less than perfect.
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Woolwich cuts fixed rates by up to 0.31%
21 Jun 2011
Lender also launches two new tracker products.
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Yorkshire BS launches new fee-free two-year fix
24 Jun 2011
Building society also launches new 75% LTV two-year fix at 3.39%.
-
Yorkshire Building Society launches first securitisation
7 Jun 2011
Yorkshire Building Society launches its first residential mortgage backed securitisation worth £750m.
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Zurich extends outsourcing deal with Capita
14 Jun 2011
Extension of current arrangement expected to net Capita £570m in extra revenue by 2026.
