News

Tens of thousands of pensioners and people approaching retirement have been sold worthless ‘trust' schemes that promised to protect their home if they went into care.

Stress had a noticeable impact on businesses in 2012, according to nearly half (42%) of senior managers of SMEs, Zurich has found.

A rehabilitation case management firm has expanded its immediate medical assessment (IMA) service for insurers and solicitors to deliver benefits.

Short-term income protection sales are very close to stalling, a direct to consumer provider has reported.

Executives in the global financial services sector are anticipating smaller salary increases this year compared to 2012, new data from Mercer reveals.

The Financial Services Authority (FSA) has confirmed that claims at the Financial Services Compensation Scheme (FSCS) relating to failed stockbroker Direct Sharedeal - which could total £13m - will be paid for by investment advisers.

The UK insurer sector will benefit significantly from the Prime Minister's strengthening of links to India, an independent financial services body has said.

HSBC has called for greater policymaker intervention on raising awareness of retirement income shortfall given "massive" long-term care cost increases.

Sir Mervyn King voted to increase quantitative easing by a further £25bn at February's Monetary Policy Committee meeting, latest minutes reveal.

HSBC has joined Barclays in removing all sales incentives from its frontline staff.