The Bank of England (BoE) could increase interest rates a "fair amount" without hurting homeowners taking advantage of the government's Help to Buy scheme, according to one of its policymakers.

The Association of Member-Directed Pension Schemes (AMPS) has appointed James Hay's Neil MacGillivray as chairman with immediate effect.

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The government has promised people will not be forced to sell their homes to pay for care in old age after a proposal to restrict eligibility to defer payment was exposed.

Legal & General is in talks with Unite over potential redundancies at from its protection and savings divisions.

Customers of Clydesdale & Yorkshire Banks will now be referred to Origen Financial Services for financial advice after a tie up between the businesses.

The country's current pension system sees workers enrolled into "risky and inflexible" funds and must be modernised to ensure millions of people are not failed, according to Ros Altmann.

Fidelity Worldwide Investment is to significantly expand its pensions business and has appointed Richard Parking as head of retirement.

The country's top rate of tax has dropped from the fifth to 11th highest in the European Union, according to KPMG.