News

The European Fund and Asset Management Association (EFAMA) says recent developments are in danger of scuppering proposals which aim to increase investor protection of Packaged Retail Investment Products (PRIPs).

Scottish Widows has launched an enhanced annuity as part of plans to increase its share of the wider annuity market by 10% over the next three years.

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Eighty five per cent of over-55s said they preferred the "do it yourself" approach when it came to financial decisions, according to a survey.

Britain's top bank regulator has called for "ground rules" on lobbying to prevent it destabilising the financial system.

The Bank of England has revealed controversial plans to relax rules governing safety standards for lenders in a bid to provide a £70bn boost to the economy.

Life insurers in Western Europe are set to continue to suffer from shrinking markets and low profitability, while globally markets recover, according to global reinsurer Swiss Re.

Scottish Widows is launching an enhanced annuity product.

Chancellor George Osborne has said he will cap the country's welfare budget each year for the next four years from April 2015 - but the state pension will not be included.

The gold spot price hit a 33-month low today after positive US economic data strengthened the case for a tapering of quantitative easing, further eroding demand for safe havens.