The Bank of England has cut interest rates a day early to 4.5pc as part of a co-ordinated move with other central banks.

MetLife Europe is to hold a series of webchats for advisers to discuss the concept of unit-linked pension guarantees.

The Bank of England has made the shock move to slash interest rates a day early by 0.5% to 4.5%.

One in five pension schemes say they will level down either by lowering contributions or switching new employees to Personal Accounts from 2012, according to the NAPF's annual survey of 502 schemes.

Industry commentators have welcomed the Government's bank rescue package, which they say will bring clarity and relative stability to the UK banking system.

Lincoln Financial Group has added its i2 Live Annuity and i2 Live Drawdown products to Thinc's At Retirement whole of market product panel.

HSBC says it has "no plans" to utilise its share of the £50bn banks recapitalisation scheme today unveiled by the Government.

More than half (57pc) of IFAs want the Government to intervene in the housing market in order to prop up investor confidence in property, according to a survey by Reita.

Rosie Winterton's unexpected appointment as pensions minister this week has roused concern among providers alarmed by her lack of experience.

ING Direct is to be the white knight for thousands of UK savers as it takes over £3bn of retail money held by Kaupthing Edge and Landsbanki-owned Heritable Bank.