TRICKY TRUSTS

ANNUITY 'SHOP'

The Financial Services Authority (FSA) has published final rules on the use of market value reductions (MVRs) by with-profits providers.

Private sector workers are six times more likely to receive a range of employee benefits such as private medical insurance (PMI) and income protection than public sector staff, research has claimed.

The Financial Services Authority (FSA) has proposed to force self-invested personal pension (SIPP) providers to adhere to the same disclosure standards regardless of the assets their schemes hold.

Business secretary Vince Cable has urged the government to make failed bank Royal Bank of Scotland (RBS) a state-run business lender.

The number of financial advisory businesses intending to trade on a purely independent basis in 2013 is falling, according to a poll comparing sentiment now with a year ago.

The Advertising Standards Authority (ASA) has rejected a complaint that an advert for a claims management firm was misleading, after consumer bodies have warned against the firms.

Chancellor George Osborne's plan to convince pension funds to invest £20bn into a government-backed infrastructure fund has serious "issues", Labour has said.

The government must make reforms to improve transparency and clarity around tax on annuities and trivial commutation of pension pots, the Office for Tax Simplification (OTS) has said.