The basic pension contribution allowance could be the next target in the Government's plans to cut pension relief, according to Tom McPhail.

LV= has entered the fixed-term annuity market with the launch of its Protected Retirement Plan.

Clerical Medical's managing director, John van Der Wielen, is to step down as part of a high-level reshuffle at Lloyds Banking Group.

The UK's debt problems could be on a par with those facing Greece and Portugal, according to a former IMF economist.

Major insurers are spending ­millions of pounds of cash reserves to win a larger share of the corporate pensions market, despite evidence that much of the business will prove to be loss-making, according to a leading insurance-market expert.

The Dow Jones dipped in early trading this morning after seeing huge losses on Thursday.

The director of a mortgage and insurance broker who lost £85,000 of customers' money has been banned by the FSA.

Banks will take over from IFAs as the major point of sale for with-profits investments in the future, according to Aviva.

The Bank of England has kept interest rates at 0.5% and frozen its quantitative easing programme.

Shares fell in London this morning with miners losing ground after high metal prices increased their value earlier this week.