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The notion of free banking is a “myth” that may ultimately encourage the mis-selling of financial products, Bank of England executive director Andrew Bailey has said.
Investment manager and advisory firm Brewin Dolphin has opened a new office in Ipswich.
IFA network Paradigm Financial Advisers has increased fees for some members by 30%.
Other News - Better Business articles
SimplyBiz founder Ken Davy has launched a national advisory business aimed at the restricted advice market.
Payday loan firm Wonga has been criticised by the Office of Fair Trading (OFT) for using aggressive and misleading debt collection methods.
A financial adviser has scaled Mount Everest – in the same weekend three other climbers died after reaching the summit of the Himalayan peak.
A financial adviser who admitted to fraudulently gaining almost £250,000 from clients and an insurer, as well as perverting the course of justice, has been jailed for three-and-a half years.
The latest appointments in financial services
Aegon-owned national IFA Positive Solutions said it has returned to profit after implementing a number of cost-cutting measures.
JLT Wealth Management has confirmed it is suspending defined benefit (DB) transfer exercises after the Financial Services Authority (FSA) issued guidance on how transfer values are to be calculated.
A senior Church of England bishop has hit out as the interest rates being charged by short term lenders such as Wonga, describing them as "usurious".
Richard Saunders, chief executive of the Investment Management Association, is to step down at the end of 2012.
An IFA who conned a widow out of £105,000 to pay his debts, has begun a 32-month jail sentence.
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This week's news... condensed