Northern Rock has announced it will stop paying interest on some of its bonds until further notice.

Lloyds Banking Group retained the top mortgage lender spot last year with a 30.3% share of the market, compared to 28.2% in 2007, Council of Mortgage Lenders figures show.

The founders of financial planning software firm 1st Software have invested £250,000 in Sammedia in return for a minority stake in the company.

UK inflation measured by the Consumer Prices Index (CPI) remained steady in July at 1.8% from the previous month, Office for National Statistics figures show.

Nearly half of employers with defined benefit schemes still open to active members think they will close them to future accrual within three years, Watson Wyatt research suggests.

Affluent Financial Planning has hired a paraplanner as part of plans to prepare for sweeping changes under the RDR.

Enhanced annuities pay out an average 22% more than standard annuities in annual retirement income, research suggests.

Bradford & Bingley (B&B) says mortgage arrears at the firm, which was crushed by the financial crisis last year, more than doubled in the first half of 2009.

Hong Kong's economy has become the latest to announce it is growing again and is no longer a part of the global recession.

Personal accounts will complement and not replace existing pension provision, the head of the Personal Accounts Delivery Authority (PADA) says.