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FTSE drops below 4,300

The FTSE 100 fell below 4,300 this morning with UK banks under renewed pressure.

By 11.48am, the index was 1.1 per cent lower at 4,279 with Barclays down 2.2 per cent at 271p, Lloyds Banking Group down 1.3 per cent at 68.40p and Royal Bank of Scotland down 1.1 per cent.

Life insurers also suffered losses with Prudential down 3.3 per cent at 399.25p, Standard Life down 1.5 per cent at 178.70p and Friends Provident dipping 1.2 per cent to 71.40p.



Pada has the power

Does the Personal Accounts Delivery Authority realise it wields the power to revolutionise the decumulation market in the UK as well as the pension savings world?

IFAP rejects call for register of adviser firms

IFA Promotion has dismissed the Institute of Financial Planning’s call for a register of financial planning firms, saying that consumers are more interested in individual adviser credentials than the status of firms.

Lords criticise ideas for Euro reform

The House of Lords EU Committee warned the UK government may have insufficiently set out its ideas to the EU on the reform of supervisory bodies and says it is “behind the ball game” on some EU proposals.


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