The Financial Services Authority's (FSA's) thematic review into the annuity market needs to go much further than its current remit to reflect the development the market, a provider has said.

Details of the thematic review of the £11bn annuity market have been revealed by the Financial Services Authority (FSA).

BlackRock, the world's largest asset manager, has revealed it has taken an 8% stake in football club Manchester United.

The Financial Services Authority (FSA) has confirmed that Barclays, HSBC, Lloyds and RBS will start the full review of their sales of interest rate hedging products (IRHPs) to small businesses after a series of failings were uncovered. 

The annuity market will come under investigation by the Financial Services Authority (FSA) later today when a major review is announced.

Standard Life has lowered 600,000 savers' with-profits bonus rates for 2013 as its Heritage fund saw an overall return just shy of 8%.

Some MF Global claimants may be due a top-up compensation payment from the Financial Services Compensation Scheme (FSCS) following a High Court ruling.

The benefits of auto-enrolment have been accepted by the majority of consumers and many believe the policy means they can ‘stop worrying' about making a start on pension saving, research has found.

David Scammell has left his position as head of UK and European interest rate strategies at Schroders.

Aegon has launched a new pension product utilising elements of its platform technology.