Giant re-insurer Swiss Re will buy 300,000 in-force life policies from American Life Insurance Company (Alico).

Risky tax avoidance schemes could be listed and their users forced to pay disputed tax upfront under proposals by Her Majesty's Revenue and Customs (HMRC).

Andrew Sentance, who yesterday stepped down as a member of the Bank of England (BoE) monetary policy committee (MPC), has condemned the Bank's refusal to raise interest rates.

The Treasury has proposed to remove tax relief on compensation payments for pension mis-selling.

Auto-enrolment will trigger a "second crisis of pensions mis-selling" which will hit the poor hardest, an adviser at Deloitte has claimed.

Latvia's top ten ranking for pension transfers from the UK in 2009/10, despite few British expats retiring there, suggests the country is being used to abuse tax loopholes, AJ Bell said.

Making shopping around for an annuity the default option for all investors will be "counterproductive", Legal and General (L&G) warned.

Some debt management firms have failed to pay clients' creditors, instead keeping their money.

The Financial Services Authority (FSA) will now include members of group personal pensions (GPPs) in its rules protecting people in workplace schemes from poor advice.

Fidelity plans to offer access to an enhanced annuity via its defined contribution (DC) platform.