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Legal & General Group has responded to reports the UK regulator is set to release details of an investigation into the policies of insurance firms to determine whether they treated customers fairly. The Financial Conduct Authority is expected to announce next week that it will check 30m insurance p
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LONDON (Alliance News) - The life insurance sector was dragging down UK stock indices again Friday after the UK Financial Conduct Authority said it is set to begin an inquiry into up to 30 million policies sold from in the years prior to 2000.
The FTSE 350 sector is down 5.0% in rea
LONDON (Alliance News) - Legal & General Group PLC has requested the Financial Conduct Authority to bring forward publication of its business plan for next year in the wake of Friday's "disorderly market." Earlier Friday, an FCA spokesperson confirmed to Alliance News that details the revie
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LONDON, March 28 (Reuters) - Life and pensions group Legal & General has called on Britain's financial watchdog to clarify immediately its plans to probe the insurance industry on whether it is treating customers in old savings schemes fairly. Reports that the Financial Conduct Authority wi
Read more- Insurers drop sharply on FCA investigation reports - Miners edge higher - Chinese Premier hints at more stimulus techMARK 2,767.34 +0.16% FTSE 100 6,590.41 +0.03% FTSE 250 16,181.96 -0.12% The FTSE 100 was trading more or less flat by Friday lunchtime after erasing earlier gains as heavy losses
Read more(Correcting news item published at 1042 GMT to clarify Spanish data was for March.) LONDON (Alliance News) - UK stock indices are higher Friday, despite life insurers providing a drag for the second time in as many weeks, while growth in UK GDP in 2013 has been confirmed at 2.7%. By m
Read moreLONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices midday Friday.
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FTSE 100 - WINNERS
Glencore Xstrata, up 1.9%, Anglo American, up 1.6%, and Rio Tinto, up 1.4
LONDON (Alliance News) - UK stock indices are higher Friday, despite life insurers providing a drag for the second time in as many weeks, while growth in UK GDP in 2013 has been confirmed at 2.7%. By mid-morning Friday the FTSE 100 is up 0.4% at 6,614.00, the FTSE 250 is up 0.1% at 16,220.5
Read moreUK insurers fall sharply in heavy volume on news that Britain's financial watchdog is planning to investigate whether people sold pensions and savings plans in the past were treated fairly compared to new clients. British life insurer Resolution falls 10 percent to a nine-month low, on cour
Read moreLONDON, March 28 (Reuters) - Britain's financial watchdog plans to investigate whether people sold pensions and savings plans in the past by insurers are treated fairly compared with new clients, according to a source familiar with the matter. The Financial Conduct Authority will outline th
Read moreThe Financial Conduct Authority (FCA) is reportedly set to announce it will check 30m insurance policies worth 150bn pounds over concerns customers were exploited. The regulator will next week say it is looking at pensions, endowments, investment bonds and life insurance policies sold in the UK sol
Read more- Miners rise on Chinese stimulus hopes - Li Keqiang hints at possible easing - Insurers fall on FCA investigation techMARK 2,779.04 +0.58% FTSE 100 6,621.74 +0.51% FTSE 250 16,239.90 +0.23% UK stocks were making decent gains on Friday morning after a positive session in Asia overnight as comments
Read moreThe British government announced plans on Thursday to cap management fees charged by pension providers, sparking a mixed response from the industry. UK pensions minister Steve Webb told the House of Commons that workplace pension schemes that automatically enrol their members will be subject to a 0
Read moreLONDON (Alliance News) - The following UK shares received analyst recommendations Thursday morning:
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FTSE 100
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UBS RAISES KINGFISHER PRICE TARGET TO 440 (420) PENCE - 'NEUTRAL'
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HSBC RAISES KINGFISHER PRICE TARGET TO
The Head of the Office for Budget Responsibility yesterday warned that given the very rapid house price rises in some parts of Britain one may see "bubbly activity", such as people willing to buy 'off-plan' or when they do not intend to live in the homes which they are purchasing. That comes as the
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