The Bank of England held interest rates at 0.5 per cent today, a rate that has been unchanged since March 2009.

Cofunds saw strong growth in the third quarter of 2011 due to a substantial amount of enterprise business onto its platform.

The total costs of redress for Scottish Equitable customers has cost Aegon UK £100m.

Friends Life has created a new in-house asset management arm which will launch in the second half of next year.

The Treasury Select Committee has branded governance at the Bank of England as “antiquated” and proposed a radical shake-up of the institution.

In support of Financial Planning Week, Defaqto has questioned consumers on their understanding of financial product features.

The international Financial Planning Standards Board has approved a set of principles entitled ‘Financial Planner Duty of Care to Clients’.

Lloyds Banking Group has reported losses of £3.9bn in the nine months to 30 September.

The Financial Services Authority has fined Coutts £6.3m in relation to its sales of the AIG Enhanced Variable Rate Fund.

Former IFP President Barry Horner CFP^CM has been elected to the Board of the Financial Planning Standards Board.