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Ombudsman reports 27% increase in complaints for latest period
- Tuesday, 11 September 2012
- Articles
The Financial Ombudsman Service has released its latest set of six-monthly complaints data relating to individual financial businesses - including banks, insurance companies and investment firms.
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FSA fines BlackRock Investment Management (UK) £9.5m for client money breaches
- Tuesday, 11 September 2012
- Articles
The Financial Services Authority has fined BlackRock Investment Management (UK) Limited (BIM) £9.53m for failing to protect client money adequately by not putting trust letters in place for certain money market deposits and for failing to take reasonable care to organise and control its affairs responsibly in relation to the identification and protection of client money.
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One in four consumers ask friends and family for advice on pensions
- Tuesday, 11 September 2012
- Articles
New research1 from Baring Asset Management (Barings), the investment manager, has found that significantly more people are turning to friends or family for advice on their pensions while the number of people turning to financial advisers remains flat.
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MAS launches TV ad campaign to reach UK's "unadvised" millions
- Monday, 10 September 2012
- Articles
Over half of the UK's adult population (52% or 25.6m people) have never received or cannot recall if or when they last received advice about managing their own money and a further one in five (21% or 10.3m people) has not received such advice in the last year.
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Two new bond funds announced today including China Bond Fund
- Monday, 10 September 2012
- Articles
Baring Asset Management has today announced to launch the Baring China Bond Fund, subject to regulatory approval.
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10 million UK workers in dark over auto-enrolment
- Monday, 10 September 2012
- Articles
With pension auto-enrolment just around the corner, the Scottish Widows Workplace Pensions Report 2012 reveals that 52 per cent of workers - equivalent to 9.9m people in the UK - are unaware of the impending changes.
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Barclays warned the FSA expects new leadership to overhaul bank
- Friday, 07 September 2012
- Articles
The FSA has warned Barclays it will remain under scrutiny, despite two key leadership changes, according to Sky News.
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FSA states 93 per cent of advisers on track for RDR
- Friday, 07 September 2012
- Articles
According to the Financial Services Authority, 93 per cent of advisers are on track to meet the RDR deadline.
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FSA grants 18 waivers to advisers struggling to meet RDR deadline
- Friday, 07 September 2012
- Articles
The Financial Services Authority has granted less than half of the 47 waiver requests it has received from advisers struggling to meet RDR requirements.
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Bank of England holds rate at 0.5 per cent
- Thursday, 06 September 2012
- Articles
The Bank of England's Monetary Policy Committee held the base rate at 0.5 per cent today and kept the asset purchase programme at £375bn.
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