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The Association of British Insurers (ABI) has suggested European proposals on banning commission for financial advisers may yet have an impact on RDR.
Lloyds Banking Group confirmed this morning Co-Operative Bank and NBNK Investments are the last two bidders in the running for its 632 branches and retail assets.
Germany and France have begun preliminary talks about a possible break-up of the eurozone, according to reports, amid fresh fears about the future of Italy after the nation's cost of borrowing hit a new record.
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A UK ban on the payment of commission from providers to advisers who sell its products can go ahead unchanged and unhindered, the European Commission (EC) has said, quashing concerns a Europe-wide directive could scupper the requirements.
The revised Mifid rules are likely to separate swap-based and physically-based ETFs as part of a division of Ucits.
The draft Markets in Financial Instruments Directive II (MiFID II) published today limits the ban on receiving commission payments from product providers to independent financial advisers.
A ‘Robin Hood’ tax on financial transactions will hit pensions and UCITS funds hard, the Investment Management Association (IMA) warns.
The FTSE has opened trading in positive territory amid signs European policy makers are moving to stem the eurozone debt crisis.
Whilst the president of the European Commission remains upbeat on Europe’s economic credentials, the IMF warns of a worrying global downward spiral and RBS faces the prospect of a billion-dollar damages bill. We round up today’s papers for you.
The downgrading of Portugal's debt to 'junk' status by Moody's earlier this week has led to renewed criticism, this time from the European Commission (EC), of the role and behaviour of credit ratings agencies.
Financial services businesses have been told they will have to notify authorities if they lose customer data or suffer any data security breaches.
European governments yesterday discussed the prospect of a fresh multi-billion euro bailout for Greece - just a year after committing €110bn - in a bid to calm the markets and stabilise the region's currency.
Solvency II-style capital requirements for UK pensions schemes will be put in place by the European Commission before the end of the decade, industry sources said.
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