News

Shares in Lloyds Banking group fell more than 5% this morning after the government sold another 7.8% of its stake in the bank last night.

Shares in Lloyds Banking Group fell more than 5% this morning after the government sold another 7.8% of its stake in the bank last night.

In this week's quick-fire poll we ask:Has the government taken the right approach in terms of the pension reforms outlined in the Budget?

Have you missed this week's pensions news? Here's Retirement Planner's round-up of the top five stories this week.

Henderson Global Investors has scrapped plans for the creation of preferential share classes in order to offer intermediaries a "level playing field".

Standard Life has secured discounts from 12 external fund groups across 291 clean funds, equivalent to an average AMC discount of 13bps.

Santander UK has agreed to pay redress to affected customers after the Financial Conduct Authority (FCA) fined the bank £12.4m for what it said were "widespread" investment advice failings.

Standard Life Investments (SLI) has agreed a £390m deal to acquire Ignis Asset Management from Phoenix Group.

The Financial Ombudsman Service (FOS) has warned advisers and paraplanners that "ticking all the boxes from a compliance point of view" may not be enough to win in a complaint case.

Charles Stanley has appointed Simon Davis as a director of wealth management in the company's financial services division.