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Lloyds records £439m loss after high PPI redress claims
- Thursday, 26 July 2012
- Articles
Lloyds Banking Group recorded a £439m loss after putting aside over £1bn for PPI redress during 2012, according to its half-yearly results out today.
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FSA consults on changes to FSCS funding model
- Wednesday, 25 July 2012
- Articles
Interim levies could be reduced if new proposals for the funding of the Financial Services Compensation Scheme are implemented by the FSA.
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Economy shrinks by 0.7 per cent between April and June
- Wednesday, 25 July 2012
- Articles
The UK economy shrank by 0.7 per cent in the second quarter of 2012, according to figures from the Office for National Statistics today.
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Trade body questions regulators’ approach to tackling Sipp fraud
- Wednesday, 25 July 2012
- Articles
The Association of Member-Directed Pension Schemes is demanding more effort to halt the promotion of UCIS (unregulated collective investments schemes) to the public.
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Investors warned of taxable property charges in Sipps and SSASs
- Wednesday, 25 July 2012
- Articles
Pension investors could pay more than 70 per cent in tax charges by including 'taxable property' in their Sipps and SSASs, according to Hornbuckle Mitchell.
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IFP chief executive Nick Cann promoting Financial Planning in Israel
- Tuesday, 24 July 2012
- Articles
Two Financial Planning leaders are speaking in Israel today on the development of CFP certification in the region.
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Professional bodies respond to Kay Review’s concern on City short-termism
- Tuesday, 24 July 2012
- Articles
The Investment Management Association has commented on the Kay Review, saying asset managers do not contribute to short-termism.
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Kay Review of UK equity markets recommends trust must be restored
- Tuesday, 24 July 2012
- Articles
The independent Kay Review, which reviews the UK's equity markets, has said trust needs to be restored in the stock markets and incentives realigned.
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Incorrect SSAS schemes could incur huge fines from regulators
- Monday, 23 July 2012
- Articles
Firms using small self administered schemes (SSAS) could be liable for substantial fines if they fail to abide by the rules.
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Seven more banks join interest rate swap redress scheme
- Monday, 23 July 2012
- Articles
Seven more banks have joined the redress scheme for interest rate swap products, according to the Financial Services Authority.
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