Hong Kong's Hang Seng index was spurred today on news the Chinese government is to introduce measures to stimulate its housing market, ending the day up nearly 2.2%.

F&C Asset Management will cut between 60 and 100 jobs under plans to reduce its cost base by 10%.

Passive funds consistently underperform both the index they are tracking and the average actively-managed fund over the long-term, T. Bailey claims.

Advisers and providers have rejected claims pension fees can swallow up to 40% of cash invested by savers over the lifetime of a policy.

Proposals for firms' capital adequacy (CA) requirements will only favour those "old-style" advisers the FSA and IFP are trying to leave behind, according to threesixty.

Adviser support services companies have defended their unregulated status following renewed concern among advisers.

The DWP has begun a consultation on the effects of age discrimination on employers' flexible retirement policies.

Living Time has announced it will allow customers to invest Protected Rights pension cash in its fixed-term annuities.

Property services firm Savills has warned today it expects its underlying profit before tax this year to be significantly below forecasts, highlighting a slowdown in business through its advisory channels as a contributory factor.

The Bank of England considered cutting rates by even more than 1% this month, the latest minutes from the Monetary Policy Committee's (MPC's) meeting reveal.