News

The Financial Services Authority (FSA) has said it plans more education of firms and invention to curb market abuse on the ‘front line' of financial services.

BP has reported a 19% fall in profits for 2012 to $17.6bn (£11.2bn), down from $21.7bn the previous year, just days after the US court approved a record $4bn fine for the Gulf of Mexico oil spill.

Economic output per person in the UK will not recover to its pre-crisis peak until 2018, according to the National Institute of Economic and Social Research (NIESR).

Global markets, including the FTSE, pulled back sharply yesterday from multi-year highs, as political uncertainty in Spain and Italy spooked investors.

In its first ever federal enforcement action against a credit rating agency related to the financial crisis, the US government has filed a lawsuit against Standard & Poor's for allegedly rigging mortgage bond rates.

Barclays has set aside an additional £400m to repay customers mis-sold interest rate hedging products and another £600m for payment protection insurance (PPI) redress.

Platform giant Skandia has reversed its post-RDR stance requiring advisers who take a percentage fee to get a new client agreement every time a top-up into an investment is made.

Fund of funds veteran Ken Kinsey-Quick is leaving F&C Investments at the end of March, the group has announced.

Berkeley Burke SIPP Administration has revealed it has stopped accepting overseas property into its self-invested personal pension (SIPP).

Kuber Ventures has unveiled a six strong line-up of EIS fund managers, two months on from launching the first ever EIS platform.