Former Park Row advisers have hit out at the FSA after being left in limbo while they continue to wait for the regulator to re-authorise them.
The FSA is proposing to include data on advisers’ qualifications, the awarding body and when they were attained in the FSA register.
Council of Mortgage Lenders director general Michael Coogan says the mortgage market review is largely irrelevant in addressing past areas of consumer detriment.
Prudential Corporation Asia has appointed Graham Mason as fund management chief executive taking over from Arne Lindman.
Standard Life has been ordered to pay compensation to a pensioner and was reprimanded by a judge for trying to “frighten” the pensioner into dropping the case.
The Treasury will today unveil plans to increase protection for clients and counterparties of failing investment banks in a bid to prevent a repeat of the aftermath of the Lehman Brothers collapse.
The Treasury says it expects banks will pay a total of £1bn in taxes under the new one-off bank bonus levy, though the net yield will still remain at £550m.
Nationwide Building Society has cut fixed and tracker rates on some of its mortgage products.
Chancellor Alistair Darling has warned banks that he will not water down the 50 per cent tax on bank bonuses despite many banks saying it will lead to an exodus of staff from the City.
Liberal Democrat Shadow Secretary of State for Work and Pensions Steve Webb says Tata Consultancy Services has the Personal Accounts Delivery Authority “over a barrel” now that it is the only administrator left in the bidding process for personal accounts.
Great-West Retirement Services has withdrawn from the administrator bidding process for personal accounts leaving just one administrator in the bidding process.
The European Commission has approved the restructuring of the Royal Bank of Scotland and state aid approval for the asset protection scheme.