News

The Financial Conduct Authority (FCA) must establish a ‘second line of defence' for retirees ahead of pension freedom or the industry faces another major mis-selling scandal, according to MPs.

Vladimir Putin has said Russia could take as long as two years to recover from its burgeoning economic crisis.

Arch Financial Products and its chief executive Robin Farrell have lost a multi-million pound case against them at the High Court today, related to their management of the failed Arch cru fund range.

A hawkish statement from the Federal Reserve has been perceived by markets as another step towards an interest rate rise, although it is unlikely to come before April 2015.

The government's privatisation of the Royal Mail was underpriced by £180m, a report commissioned by Business Secretary Vince Cable has suggested.

Media tycoon Richard Desmond has agreed to settle his £42m court case against Credit Suisse and GLG, accepting a significant settlement figure, according to reports.

The UK government is to sell another tranche of shares in Lloyds Banking Group as it moves to return the bank to private ownership.

The plummeting oil price and tumbling ruble have shaken up investors at the end of 2014, but investors still have plenty to look forward to in 2015, according to Brewin Dolphin.

A financial adviser who was jailed for stealing from his pensioner clients has been banned from working in financial services by the Financial Conduct Authority (FCA).

Guinness Asset Management chief executive Tim Guinness believes the price of Brent crude oil will fall to as low as $40 a barrel - and then rebound sharply.