News

Interest rates should remain low to avoid long-term economic stagnation, the chief economist at the Bank of England has said.

The UK economy will grow by 2.4% in 2015, well below the 3.1% growth expected this year, forecasting group EY Item Club has said.

The retirement guidance guarantee will not be delivered by the Money Advice Service (MAS), the Treasury has said, in a reversal of the government's previous announcement.

Annuities will soon be protected 100% by the Financial Services Compensation Scheme (FSCS) if recent proposals by the Prudential Regulation Authority (PRA) get adopted.

Former Legal & General (L&G) head of high alpha fixed income Dickie Hodges is to join Nomura Asset Management as he returns to the industry.

Investors are "in the teeth" of a severe sell-off - but one which may be over relatively quickly, according to equity income manager Neil Woodford.

The government is inviting views on bringing peer-to-peer loans within the scope of ISA qualifying investments, and making advice on them a regulated activity.

Independent financial advisers have joined the Tyrannosaurus Rexs, Triceratops and Velociraptors as an extinct species in an exhibition sponsored by online life insurer Beagle Street.

Old Mutual Wealth has finalised a deal to acquire Quilter Cheviot for £585m.

Pensions minister Steve Webb has put annuity reform at the top of his wish list should he remain in post after the election.