News

Short-term borrowing rates in China have soared to record highs as credit seizes up, prompting fears that the country's liquidity squeeze may be spinning out of control.

Mortgage lending hit a five-year high in May providing yet further evidence of the resurgence of the property market.

A sharp fall in factory output in China cast a shadow over the global economy yesterday as the eurozone remained mired in recession.

Legal & General has become the latest provider to report a marked increase in the number of transfer requests to suspected pension liberation schemes.

The draft Pensions Bill does not do enough to protect consumers from obtuse and excessive charges, a Conservative MP claims.

Many advisers are not prepared to handle incoming minimum capital requirements, according to the Association of Professional Financial Advisers (APFA).

Lenders cranked up gross mortgage lending by 21% in May to reach a five-year high of £14.7bn, figures from the Council of Mortgage Lenders have shown.

Standard Life has appointed John Cooper to its workplace executive team in order to assist in the development of the company's workplace business.

The FTSE 100 dropped sharply on Thursday morning following the wider market sell-off, while gilt yields spiked to their high level in over a year, after Fed chairman Ben Bernanke said QE would be slowed later this year.

The Financial Conduct Authority (FCA) has pledged to scrutinise "the whole value chain" - including authorised advisers and pension companies - as part of efforts to stamp out pension liberation fraud.