Sunday 20th April 2014                 Change text size:

Mike Mozart via flickr

Santander fined £12.4m for unsuitable financial advice

The Financial Conduct Authority (FCA) has handed out one of its biggest ever retail banking fines to Santander, over its failure to give accurate and quality investment advice to some customers. According to the FCA, the Spain-based bank did not take sufficient care in advising customers over investment risks...


pounds stacked by Images of Money via Flickr

UK investors being ‘ripped off’ because of lack of competition and transparency

The UK investment industry is operating against public interest, according to a new report that calls for the Office of Fair Trading to conduct an investigation into the retail investment industry. The True and Fair Campaign argues that the investment world is hiding fees from investors and leaving them...


by Department of Foreign Affairs and Trade via flickr

Climate change could prolong world hunger for decades, says Oxfam

World hunger could be prolonged for decades because our global food system is “woefully” unprepared for the impacts of climate change, an Oxfam report has warned. The paper, titled Hot and Hungry: How to stop climate change derailing the fight against hunger, says that rising temperatures, extreme weather and changing...


Cimexus-via-flickr.

Heatwaves to become normal by 2040s, says the Met Office

Research by the Met Office has suggested that climate change will bring wet and mild winters and dry hot summers to the UK, with dangerous heatwaves set to become more frequent across Europe over the next few decades. According to the Met Office, the UK will have on average...


Business woman- mirianpastor via Flickr

Gender equality on boards improving – but pace is too slow

The third annual review tracking the progress of increasing the number of women on the boards of top companies shows encouraging signs. However, the pace of change means the government could miss its target. A 2011 government-commissioned review led by Lord Davies of Abersoch recommend a target of women...


Emilian Robert Vicol via flickr

Netherlands to end funding for overseas coal plants in boost for fossil fuel divestment campaign

The Netherlands has vowed to stop financing new coal projects overseas, in an announcement that has been hailed as another positive sign for the fossil fuel divestment movement.   In a joint statement published on Monday, the Netherlands and the US affirmed their belief in the importance of low-carbon investment....


@BBCr4today via twitter

Nick Clegg and Nigel Farage set for live EU debate

Liberal Democrats leader Nick Clegg and UKIP leader Nigel Farage are set to go head-to-head in a live debate on Wednesday night to discuss Britain’s role in Europe. The hour-long debate, hosted by the LBC 97.3 radio station at 7pm on Wednesday night, will also be shown on Sky...


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British Gas boss faces calls to forego bonus

The boss of British Gas Chris Weston is facing calls to give up his bonus, following allegations of ‘predatory pricing’ and bill increases. Centrica, the parent company of British Gas, is said to be slashing its top executives bonuses for 2013 after a poor performance. British Gas announced a...


Tom Page via Flickr

SSE announces price freeze until 2016

Energy company SSE said it is freezing electricity and gas prices for its customers until 2016, after it announced an 8.2% energy price rise back in October. The firm said that by cutting hundreds of jobs and shelving three offshore wind farm projects, it should be able to save...


by Number 10 via flickr

Poll: three-quarters of voters want more environmental policies

Almost three-quarters of UK voters feel that the major political parties need to focus more on the environment, renewable energy and efforts to cut carbon emissions, according to a new poll. The survey, commissioned by WWF-UK, also found that 47% of voters are willing to switch their political allegiance...


gas ring by Lee Haywood via flickr

Competition in energy market is improving, says trade body

An independent report, commissioned by trade body Energy UK, argues that the energy market is changing and competition is improving. The publication comes as the energy regulator is expected to announce an inquiry into the sector. It is anticipated that regulator Ofgem will recommend a formal inquiry into the...


Elliott Brown via Flickr

Lloyds accused of short-changing PPI victims

Lloyds Banking Group has become embroiled in a ‘scandal within a scandal’, after being accused of using a legal loophole to shortchange people owed compensation after they were mis-sold payment protection insurance (PPI). The PPI mis-selling scandal involved banks selling insurance to customers to protect loan repayments if they...


SONY DSC

Investors to have ‘their say on pay’ through new tool

A new tool that aims to help savers take a stand on pay has been launched by responsible investment charity ShareAction to coincide with Ownership Day. The organisation is calling on investors to use their votes to say ‘no’ to “excessive pay at the top and poverty pay at...


Spacemanbobby via Flickr

World Health Organisation: 7 million people died because of air pollution in 2012

The World Health Organisation (WHO) has revealed that one in eight total global deaths in 2012 was been caused by air pollutants, which resulted in a high number of cardiovascular and respiratory diseases. The organisation estimates that pollution from industries, cooking fires and auto fumes caused 7 million premature...


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Half of Britons oppose HS2, poll finds

Over half of all Britons oppose the development of the controversial HS2 rail line, according to the results of a new survey. The ComRes poll, commissioned by the HS2 Action Alliance protest group, found that 52% oppose the current plans to build HS2 while around 30% support them.  Some...


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