Banks need to become ‘simple and boring' if they want to restore public trust in the sector, according to the chief executive of Lloyds Banking Group.

The Bank of England's Monetary Policy Committee (MPC) has voted to hold the base rate of interest at 0.5%.

The Financial Services Authority (FSA) has warned adviser businesses they risk mis-selling to consumers, even with the abolition of commission, if they remunerate their staff based on the revenues they earn.

Hargreaves Lansdown co-founder Stephen Lansdown is to step down from the board in November the group said today, after revealing profits had jumped 21% in the last year driven by revenues from its Vantage platform.

Mark Hoban has been moved across from the Treasury, where he is currently financial secretary, to the Department for Work and Pensions as part of the government reshuffle.

Fraudsters based in Belgium have used the Financial Services Authority (FSA) register details of a St James's Place partner to dupe consumers.

The Financial Services Authority (FSA) has begun a new phase of its review into wealth management, focusing on client outcomes.

Advisers are finding the rules around the disclosure of charges and services as the most challenging aspect of the Retail Distribution Review (RDR), a survey has suggested.

The Financial Services Authority (FSA) believes its proposed rules on the promotion and sales of unregulated collective investment schemes (UCIS) could lead to a reduction in Financial Services Compensation Scheme (FSCS) costs for advisers.

UCIS