Legal & General Assurance Society has acquired closed UK annuity buy-out company Lucida from LCM Holdings in a deal worth £151m.

The cost to small employers of setting up advisory services to help staff choose an appropriate annuity, as well as the lower profits available to advisers on small pots, are preventing employees from getting the best deal, the National Association of...

Outgoing Bank of England (BoE) governor Mervyn King has accused banks of attempting to influence financial regulation by putting pressure on senior politicians - including the Prime Minister.

The Fry Group's financial planning arm has been awarded corporate Chartered status by the Chartered Insurance Institute (CII).

Reducing the base rate from its current historical low of 0.5% into negative territory "remains an option" for the Bank of England's Monetary Policy Committee (MPC), deputy governor Charles Bean has said.

Paraplanners are being invited to take part in an independent ‘powwow' forum event this autumn - with sessions hosted in teepees.

It's IFAonline's weekly heads up on five articles your clients may have read in the national newspapers over the weekend...

Efforts to stamp out tax evasion appear to be working after figures showed the number of ‘serious' cases hit a five year low.

Hundreds of Co-operative Bank bondholders, who face losing at least 30% of their investments through the lender's debt-to-equity capital-raising proposals, have joined a campaign challenging the bank's plans.

Insurance pioneer Clive Cowdery has tabled a bid for a US insurer in the tycoon's first attempt to enter the American market.