Investment

Former Money Portal boss Tony Morris has had his assets frozen by Australian judges over his links to the £52m GP Noble fraud case.

Variable annuity sales rose by 34% to £445m in the first half of 2010 compared to H2 of 2009, according to research from Towers Watson.

Pensions experts are warning of a mass exit from contracted out DB schemes as the DWP consults on plans to abolish transfers to DC alternatives.

Senior industry figures are pleading for an early government announcement on pension tax relief restriction rules because "time is running out" for employers to implement changes.

Advisory firm the Lighthouse Group has offloaded pensions provider City Trustees to Mattioli Woods for £1.85m.

The pension pot needed to satisfy the minimum income requirement could need to be as much as £300,000 in order to stop people falling back on state benefits, Towers Watson says.

The US Senate has approved the largest overhaul of financial regulation since the Great Depression, which is aimed at averting a repeat of the recent credit crisis.

The FSA has issued a warning to advisers over occupational pension transfer deals after it became concerned over the quality of advice being given.

Board members of the Personal Accounts Delivery Authority (PADA) could have received up to £720,000 in the 2009/2010 financial year.

The FSA has ruled out allowing provider factoring on group personal pensions (GPP) advice despite admitting concerns over up-front costs.