FCA turns spotlight on pensions at retirement after budget shake-up

The Financial Conduct Authority (FCA) is to monitor the impact of the chancellor’s dramatic pensions overhaul, announced in the Budget. The regulator is to turn its attention to at-retirement advice and the decumulation product market in the aftermath of the Budget. In the Budget chancellor Read more…

27/03/14 Market Movements

The FTSE100 down 16.98 points at 6,588.32 as the FTSE declined from a two week high as Royal Bank of Scotland Group Plc dropped after its U.S. subsidiary failed the Federal Reserve’s stress test. RBS closed down 1.37% after the Fed rejected RBS’s capital plan. Read more…

Big Six Energy Companies to be Probed

Energy regulator Ofgem looks to start a full-scale competition investigation into the energy sector. The investigation will probe whether retail and energy generation businesses should be broken up within the big-six providers. The investigations look to address allegations that profits are being disguised into the Read more…

Santander UK fined £12.4 million by FCA for poor advice

Reports state that the High Street bank Santander UK has been fined nearly £12.4m by the UK financial watchdog over failures in investment advice. The Financial Conduct Authority (FCA) have said that there was a risk that Santander customers could have been given unsuitable advice. Read more…

25/03/14 Market Movements

The FTSE100 closed up 84.50 points (1.30%) at 6,604.89 as Easyjet led the FTSE 100 recovery. Easyjet share price closed up 3.68% as the British airline upgraded its first half outlook by 25%.  Easyjet announced it expected to record a first half loss between £55m and Read more…