News

Potential drawdown clients looking to keep their pension pot invested after April next year will be a "big target" for Standard Life, which earlier announced a near 60% drop in annuity margins for the first half of the year.

The Financial Conduct Authority (FCA) will restrict firms from distributing contingent convertible securities (CoCos) to the mass retail market from 1 October 2014, in the first use of new consumer protection powers.

Skipton Building Society is to sell its advice arm Torquil Clark to national wealth manager Bellpenny for an undisclosed sum.

Annuity margins at insurer Standard Life were down 59% in the first half of the year due to the sweeping changes to retirement income announced in the Budget, latest results show.

All UK commercial property should be classed as a non-standard asset in a self-invested personal pension (SIPP) due to the uncertainty that exists around transfers, according to Suffolk Life.

A think tank has called for Chancellor George Osborne to create a single "lifetime ISA" by 2017, saying recent changes to ISAs are not enough to spark a savings culture.

The Financial Conduct Authority (FCA) has added UK commercial property as a 'standard asset' eligible to be held within self-invested personal pensions (SIPPs), as it confirmed operators will have to hold a minimum of £20,000 under finalised capital adequacy...

A Blackrock executive has left the group after being found to have avoided £43,000 in train fares over the past five years.

Almost 90% of active UK equity fund managers beat the benchmark index last year, far outstripping the performance of other active managers, an S&P Indices report has found.

Millions of pension savers will be prevented from taking cash freely from their retirement funds next April unless they pay hefty penalties that could slash their pots by more than 20%, according to reports.