The government should consider introducing a "cap and collar" agreement on the Government Actuary's Department (GAD) rates which are used in drawdown calculations, a provider says.

More than 20 dawn raids were carried out by the Financial Services Authority last year as the watchdog continued its use of visible enforcement, a law firm says.

Confidence in the financial services industry has dramatically improved in the last quarter, with life insurers and investment managers "particularly bullish", a poll shows.

RBS could start paying dividends to preference shareholders again later this year, which could lead to £400m capital raising, a report has suggested.

The "old boys network" that makes up the committees which set executive pay must end, a think tank says.

Pension savers who have acted to protect their lifetime allowance through fixed protection could lose the benefit if they are covered by scheme life insurance.

Teachers and college lecturers in London are staging strike action today over changes to their pensions.

Claims management firms are being investigated by the Ministry of Justice after a surge in bogus compensation claims filed for consumers who were mis-sold personal protection insurance (PPI).

The average retired person has more than £8,000 of personal debt to repay - with the collective total for the country reaching £96bn, analysis has found.

Auto-enrolment will spark a surge in pension business and providers could struggle to cope with increased volumes unless they prepare now, Friends Life has said.