RSS Financial

If you're new here, you may want to check out our main info pages starting here. Thanks for visiting!

MPs call for tighter rules for insurers’ surplus
LONDON (Reuters) - The Financial Services Authority has failed to develop clear principles to regulate the uses of surplus assets held in insurers’ with-profits funds and is not protecting policyholder interests, MPs said on Thursday.

Mortgage approvals dive to record low
LONDON (Reuters) - New home loan approvals fell at their sharpest annual pace in at least a decade to hit a record low in May, figures shows, raising fears the housing slowdown is about to escalate into a crash.