Regulation

FOS accused of mis-guided PPI predictions by trade body

Lloyds Banking Group says it is increasing its provision for the mis-selling of payment protection insurance (PPI) by another £1.8bn, bringing the total to nearly £10bn.

The Financial Conduct Authority has published a Frequently Asked Questions document in a bid to clear up advice-related confusion ahead of the incoming Mortgage Market Review on 26 April.

The Office of Tax Simplification (OTS) has suggested a "pragmatic" cut to National Insurance Contribution (NICs) rates.

A former investment adviser has been fined £19,900 and banned by the Financial Conduct Authority (FCA) for fabricating his Statement of Professional Standing by using a template he found online.

UK GDP rose by 0.7% in Q4, according to an initial estimate from the Office for National Statistics, with growth for the year as a whole rising at its fastest rate since 2007.

The Association of Professional Financial Advisers (APFA) has said it hopes a new approach to funding the Financial Services Compensation Scheme (FSCS) will mean lower overall contributions from advisers in the long term.

The Bank of England has again moved to temper expectations of an early rate rise, despite the UK unemployment rate dropping to close to the crucial 7% mark this morning.

The Association of Professional Financial Advisers (APFA) is preparing to challenge the Financial Ombudsman Service (FOS) this week over what it considers inconsistent case verdicts on advisers.

The Bank of England's Monetary Policy Committee (MPC) should hold off on raising interest rates even though its stated threshold for doing so - a fall in the unemployment rate to 7% - is in sight, according to a report.