News

The Financial Services Authority (FSA) has cited a number of potential concerns it believes could lead to consumer detriment as firms make changes to their business models ahead of RDR implementation next year.

The Financial Services Authority (FSA) has claimed one of the major risks to consumers over the next 18 months is that of being mis-sold unsuitable financial products.

In today's Retail Conduct Risk Outlook the Financial Services Authority (FSA) identified the five products it feels pose the greatest mis-selling risk to consumers.

Aberdeen's global equity fund specialist Bruce Stout, manager of the £1bn Murray International trust, has warned investors should be preparing for a decade of no growth in developed economies.

Activist investor Laxey Partners has reignited its long-running feud with Alliance Trust, urging it to hand over the management of its assets to a third party.

Shares across Europe rose in morning trading as the eurozone's decision to back a second €130bn (£109bn) bailout boosted hopes for an economic recovery.

Wealth manager Brooks Macdonald Group saw pre-tax profits jump by one-third in the second half of last year, and has hiked its dividend.

The UK economy is perpetually subjected to shocks and pressures, rendering hopes of maintaining financial stability indefinitely "over-optimistic", Monetary Policy Committee (MPC) member Paul Fisher said last night.

The asset management division of financial services group Close Brothers made a loss in the six months to 31 January, as it finalises a restructure which has seen it launch an advised service and includes plans for a direct-to-consumer proposition.

Eurozone finance ministers have signed off a second bailout for Greece, paving the way for the first €130bn package this month that aims to finance the country until 2014.