News

An ex-Legal & General (L&G) adviser has been jailed for five years after stealing close to half a million pounds from a vulnerable elderly couple.

Annuitants drawing an income from small retirement funds are most likely to sell their contracts, among those in favour of proposals permitting them to do so, according to research.

People could lose their entitlement to means-tested benefits if they spend their pension pots after taking advantage of pensions freedom, the government has warned.

HM Revenue and Customs (HMRC) has secured three tribunal wins against tax avoidance schemes, protecting more than £260m in tax.

The former BlackRock executive who paid £43,000 compensation for dodging train fares has said reports of his wrongdoing have been exaggerated.

The chief executive of UK platform giant Cofunds has admitted the business "should be generating more profit" despite an 83% increase in its 2014 pre-tax result, which reversed a multi-year downward trend.

MPs have criticised the regulator's handling of last year's media blunder around an upcoming closed book review, saying it had been a "major self-inflicted distraction" and "created a false market in life insurance shares".

The Financial Conduct Authority (FCA) has asked UK financial advisers if they think the criteria they must meet to call themselves independent is out of sync with Europe-wide definitions.

An exasperated Friends Life pension customer is taking his case to the Financial Ombudsman Service (FOS) after what he said is a decade of poor service from the life company.

The Financial Conduct Authority (FCA) is proposing to raise £74.9m from financial advisers for the coming year, representing an upswing of 10.2%.