The majority of UK financial advisers (90%) believed further 'bailouts' of weak European countries may be required with Spain the most vulnerable, according to a Skandia survey.
The Financial Ombudsman Service has released its latest set of six-monthly complaints data relating to individual financial businesses - including banks, insurance companies and investment firms.
The Financial Services Authority has fined BlackRock Investment Management (UK) Limited (BIM) £9.53m for failing to protect client money adequately by not putting trust letters in place for certain money market deposits and for failing to take reasonable care to organise and control its affairs responsibly in relation to the identification and protection of client money.
New research1 from Baring Asset Management (Barings), the investment manager, has found that significantly more people are turning to friends or family for advice on their pensions while the number of people turning to financial advisers remains flat.
Over half of the UK's adult population (52% or 25.6m people) have never received or cannot recall if or when they last received advice about managing their own money and a further one in five (21% or 10.3m people) has not received such advice in the last year.
With pension auto-enrolment just around the corner, the Scottish Widows Workplace Pensions Report 2012 reveals that 52 per cent of workers - equivalent to 9.9m people in the UK - are unaware of the impending changes.
The Financial Services Authority has granted less than half of the 47 waiver requests it has received from advisers struggling to meet RDR requirements.
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