The FSA has fined Merchant Securities Group £77,000 for data security failings and not adequately protecting customers from the risk of identity fraud. This is the first time the FSA has fined a stockbroking firm for weak data security controls.
The Association of British Insurers is urging the House of Lords to support amendments to the Pensions Bill to ensure existing schemes are not forced to accommodate personal accounts’ more limited earnings’ band.
Premier Mortgage Service has appointed former Edeus commercial director Martin Reynolds as corporate manager. He will initially work on a short-term contract and his remit will include developing new income streams for PMS.
The Association of British Insurers has extended until 2014 the moratorium enabling consumers to take out substantial amounts of insurance without having to disclose adverse res-ults of predictive genetic tests.
Schroders and Lloyds Banking Group have joined forces for a financial planning and wealth management proposition for wealthy clients. The new business aims to address the “growing gap in the advice market” through a personalised, advice-led proposition. The partnership will bolster Schroders’ expansion into the UK wealth management market, while Lloyds says it will help develop […]
The gap between what women earn and save compared to men continues to grow according to Office for National Statistics figures released today. Analysis for young people aged 16 to 29 shows the level and growth of median annual earnings were generally lower for women than men whether they were degree or school-educated or had […]