Towry Law has received a cash injection from US investment company, Asset Management Finance LLC (AMF).

Consumers are being led into income drawdown by ‘unrealistic' critical yields quoted by insurance companies, according to Annuity Direct.

Annuity rates fell by an average of over 1.5% in the latter half of 2009, according to figures from MGM Advantage.

Control of Freedom SIPP has been granted to Mattioli Woods by the scheme's liquidators.

In London, markets opened lower this morning as fears grew over the impact of banking regulation.

Lord Myners, the City minister, has called for an independent review into the investment banking industry which has "permeated so many corners of society".

Dr Ros Altmann has accused the Government of making false claims over its pension compensation scheme.

St James's Place (SJP) has thwarted analysts' expectations at the end of 2009, with a 38% rise in new business.

The outlook for with-profits funds is unlikely to improve in 2010, despite expectations of strong stock market performance, warns IFA Fraser Heath.

The James Hay Wrap will be separated from the SIPP business and sold, following the acquisition of James Hay by IFG Group.