The Financial Conduct Authority (FCA) is reportedly planning an inquiry into 30 million policies sold by insurance firms. The review is set to include pensions, endowments,...
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...
Changes to the pensions industry, announced by George Osborne in last week’s budget, must be backed up by robust measures, which include independent and impartial support...
The Financial Conduct Authority (FCA) has confirmed it has approved Aberdeen Asset Management’s deal to acquire Scottish Widows Investment Partnership (SWIP) from Lloyds Banking Group. Aberdeen...
A company that claimed to be selling biofuel technologies while promising an 800% return on investment has been shut down by the High Court. After an...
Around one in ten financial services firms has incentive schemes that have higher risk features, a report from the Financial Conduct Authority (FCA) has found. The...
Despite the peer-to-peer lending market growing, the majority of investors are still cautious about putting their money into the sector, a survey has found. Some 84%...
Canary Wharf is a surreal place. Part theme park, part Alcatraz, it sits on top of a subterranean network of luxury shops: conspicuous consumption underpinning the...
More than 5,000 employees from the financial services industry, including traders and brokers, have been dismissed since 2008, according to data obtained under the Freedom of...
Part state-owned bank Lloyds has been pressuring the City watchdog for a time limit to be introduced on payments made to those affected by the mis-selling...
The Financial Conduct Authority (FCA) has admitted that it is difficult to measure the advice gap and its effects following regulatory change. Speaking at a...
Fees charged by payday lenders for customers who default on payments are “unlawful”, according to Which? – the consumer group that is calling on firms to...
Alternative investments like fine wine, art, stamps, classic cars and watches are reportedly more profitable than shares. That’s according to the latest Coutts Index, which says...
Three firms that were involved in a £3.2m scam selling carbon credits to retail investors have been ordered into insolvency by the High Court. Global Carbon...
The Financial Conduct Authority (FCA) has dealt Lloyds Banking Group a £28m fine for “serious failings” in its control of sales incentive schemes. The group was...