News

The Financial Conduct Authority (FCA) has promoted its former head of savings, investments and distribution policy, David Geale, to director of policy.

The Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA) have proposed new rules that would seek to change how bankers behave and are paid.

Jupiter has reported an 18% fall in its profits in the first half of 2014, with the group incurring £5.3m of costs from selling its private client business.

Shareholders in the troubled Invesco Property Income trust have been told they are likely to lose their entire investment after it was suspended pending an effective firesale of its assets.

Barclays said today its underlying profits for the first half of the year had fallen 7% after a drop in investment bank revenue, while it also reported another huge bill to compensate PPI customers.

The guidance guarantee, if delivered as planned, will do little more than deter people from "doing stupid things" with their pension pots - it will not help them plan for their retirement, according to LEBC.

The first significant lawsuit from the Keydata scandal has been issued against US-based brokerage CRT Capital, according to the Financial Times.

In this week's quick fire poll we ask whether you agree with the suggestion that a pensions passport is a "win-win."

BlackRock is working to "repurpose" its range of target date funds and introduce an income drawdown product in response to the liberalisation of defined contribution (DC) regulation.

JO Hambro Capital Management is considering rolling out a multi-asset range as it looks to benefit from pension reforms, its chief executive has said.