Public sector pensioners who have been underpaid their benefits due to administrative errors dating back to 1978 will receive full arrears, the government has confirmed.

New Star's Richard Pease has increased his stake in his fund by over £0.5m, giving the clearest indication yet he will remain with the firm.

Prudential has launched a flexible annuity option, allowing pensioners to review their income every two years as their circumstances change.

The final key independent Icelandic bank to fall after the country's financial meltdown in October is being shut down by Iceland's financial authorities.

The Association of British Insurers (ABI) says a Conservative Party review which examines the possibility of abolishing the FSA "deserves serious consideration".

The Association of Medical Insurance Intermediaries (AMII) is running its exhibition and conference at the Barcelo Hinckley Island Hotel just outside Coventry on Wednesday, 17 June 2009.

Advisers are being urged to contribute to the content of qualifications that will be designed specifically to meet the Retail Distribution Review (RDR).

London-based mortgage brokerage Chase de Vere has gone into administration after the firm's turnover 'dropped significantly'.

Smokers may not be best served by buying a lifetime annuity at retirement, even if it provides an enhanced income, according to Living Time.

The final definition for the IMA Equity Income and Growth sector has recieved a welcome from asset managers who are saying it will provide investors with greater clarity.