News

Mark Hoban, financial secretary to the Treasury, has announced proposals that will help the authorities deal with the failure of parts of the financial system other than banks.

Now Health International has announced details of its WorldCare product, including a price review, to take effect from 1 August.

Medicash is targeting brokers to expand business in London and the south east.

Zurich has announced changes to its protection proposition in an aim to speed up processes.

Legal and General has reported half of group income protection queries have been about retirement age implications for benefits.

Capital Economics expects the Bank of England to cut the UK's base rate from 0.5% in an effort to stimulate growth, after last week's GDP figure showed the economy is shrinking faster than feared.

A decision by HSBC to set aside a further £340m to fund payment protection insurance (PPI) compensation claims has taken the amount banks have now earmarked for PPI mis-selling redress to almost £10bn, a report says.

Financial advisers working in banks will have a tougher time than IFAs persuading clients to part with a fee for their services, research suggests.

Aviva is preparing to sell its US division at an estimated loss of £800m, according to reports.

The Financial Services Consumer Panel has made six recommendations to ensure the incoming regulatory structure will be "smarter, faster and bolder" than the FSA.