Coventry Building Society made a profit of £56.2m in 2009, up by 115 per cent on £26.4m in 2008.
Metro Bank has been awarded its banking licence by the FSA as it prepares to open two branches in the centre of London.
Royal Bank of Scotland is facing three separate investigations by the FSA – into its takeover of ABN Amro, compliance with money-laundering regulations and complaint-handling procedures.
Friends Provident has appoin-ted Nathan Moss as UK managing director on an interim basis to replace Simon Clamp due to serious illness. Moss started at Friends Provident last month. He ran Lloyds TSB’s wealth management business and was managing director of marketing and distribution at Scottish Widows between 2002 and 2006. A Friends Provident spokeswoman […]
Partnership managing director of care Chris Horlick explains how buying an immediate needs annuity ensured property assets were not depleted
By Chris Taylor, head of Japanese Equities, Neptune Abe, having reinforced his political position domestically, will most likely hold off any further major policy enactments until after president Trump has settled into the White House and enacted some of his own. Then a relaunch of the Three Arrows programme is likely, or Abenomics 2.0, including […]
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Providers are reviewing their marketing packages to advisers at conferences and on websites amid concerns they will fall foul of new inducement rules under Mifid II. Mifid II, which came into force on 3 January, brought in more stringent rules around “non-monetary benefits” from providers to advisers. The rules have been translated into the FCA conduct of […]
A misleading headline rate of unemployment means opportunities are being overlooked by investors
The FSCS is budgeting an extra £3.5m to cover the cost of running the scheme this year. The management expenses levy, which is used to cover the cost of administering the scheme separately from any compensation payments made, proposed for 2018/19 by the FSCS today is £77.7 million, up 5 per cent on the previous […]