News

Negative headlines about annuity sales next April could lead to a "tragedy" of retirees refusing to buy them, according to The Pensions Advisory Service (TPAS) CEO Michelle Cracknell.

The Financial Ombudsman Service (FOS) has ruled out charging "nominal" fees to complainants, agreeing with Parliament's view the service must be free to ensure the public's confidence in it.

Treasury Committee chairman Andrew Tyrie has said the Financial Conduct Authority (FCA) must engage more with the regulated community and do more for consumers, as the City watchdog announced sweeping structural and personnel changes following a strategic...

The Financial Conduct Authority (FCA) has confirmed director of supervision Clive Adamson is leaving the organisation as it makes sweeping structural and personnel changes.

Self-invested personal pension (SIPP) provider Hornbuckle has teamed up with online investment manager Nutmeg to administer a new range of personal pensions.

Tim Orton, chief executive of Aviva's platform business, is aiming to double assets under administration (AUA) to £10bn by the end of 2015.

FCA director of enforcement Tracey McDermott is to become the regulator's director of supervision in a shake-up of its reporting lines, according to reports.

Financial advisers are among the small and medium size businesses being "aggressively" targeted by HMRC for VAT payments, contributing to a 10% jump in VAT taken from SMEs in the last year, according to a national accountancy group.

Truro is the best place to be a financial adviser in the UK based on the level of interest in advice among the population, according to research.

The Financial Conduct Authority (FCA) is to review how and how much it fines businesses amid complaints from banks about the rise of high penalties.