News

Fidelity Worldwide Investment has moved to put pressure on rivals in the passive space with the launch of four low-cost index funds.

Financial advisory businesses will be invited to play central roles in providing information, guidance and advice to retirees following the far-reaching changes announced at Budget 2014, under plans being devised by the Personal Finance Society (PFS)....

Pensions Minister Steve Webb says he remains committed to defined ambition (DA) despite the Budget scrapping restrictions on how people take their pensions income at retirement.

Provider Friends Life has scrapped active member discounts (AMD) on all its pension schemes, giving schemes the chance to move to a single charge at the current member rate.

Steve Webb would be "nervous" about providers playing a part in the Chancellor's guidance-for-all at retirement pledge.

The Personal Finance Society (PFS) has given its backing to F&TRC's latest launch, Quality Analyser, which gives advisers free access to a market-wide comparison tool from 22 April.

Dovish Federal Reserve minutes sent US and Asian markets higher overnight, allaying fears the Fed could raise rates earlier than expected.

Lord Myners has announced his shock resignation from the board of the Co-op Group, leaving the mutual in the middle of a review into its future.

The Royal Bank of Scotland (RBS) has agreed a deal to scrap its Dividend Access Shares, bringing the resumption of dividend payments by the bank much closer.

Adviser numbers are down and firms' profits after tax, despite a temporary recovery last year, are lower than the two previous years, according to research from the Association of Professional Financial Advisers (APFA).