News

Pensions communications are failing to break down complicated issues for savers, leaving more than a quarter clueless about how much they have accumulated, research suggests.

Barclays will cut 19,000 jobs across the business by the end of 2016 - 14,000 of which will be lost this year - as part of what chief executive Antony Jenkins said was a "bold simplification" of the bank's structure.

"Platform-enabled" advisory businesses are being invited to enter their firm for the 2014 Aberdeen UK Platform Awards.

Wrap platform Transact has acquired a 15% stake in adviser technology business Sprint Enterprise Technology, operator of adviser software system Fastrak.

The Money Advise Service (MAS) has defied MPs' denunciation of its digital strategy by serving more online customers in the last year than "ever before" and surpassing satisfaction levels, according to its annual results published today.

The vast majority of advisers are facing stagnating or higher professional indemnity insurance (PII) costs this year, while only a small minority saw premium costs fall, according to research commissioned by the Association of Professional Financial Advisers...

Schroders has promoted global head of equities Peter Harrison to the vacant position of head of investment.

Over 55s are enjoying £150 a month extra income compared to last year as a result of the economic recovery, Aviva's Real Retirement Report has found.

City Financial has launched a free online research and consultancy service to help advisers with their investment processes and assessments of fund suitability.

Legal & General (L&G) saw its individual annuity sales drop 40% in the first quarter of the year, with sales down from £406m in 2013 to £244m.