News

Pensions minister Steve Webb explains the significant role large scale collective defined contribution (CDC) could play in the UK.

Provider Aegon UK has hired John Wilkinson, previously head of protection and investments at Nationwide Building Society, as protection director.

Architas chief investment officer Caspar Rock believes convertible bonds are an overlooked way of reducing volatility in an equity portfolio.

Chancellor George Osborne has denied claims he forced Royal Bank of Scotland (RBS) chief Stephen Hester to stand down from his position, the BBC reports.

A former UBS and Citigroup trader, one of three men arrested in December as part of a Serious Fraud Office (SFO) and City of London Police investigation into the manipulation of LIBOR, has been charged.

The baby boomer generation must take more investment risk if it is to generate enough income in retirement, according to one investment management chief.

UK CPI inflation rose from 2.4% to 2.7% in May, according to the Office for National Statistics, a larger than expected rise driven by transport and clothing costs.

Old Mutual Global Investors has seen inflows of more than £100m into Richard Buxton's UK Alpha fund, ahead of his arrival at the group.

US markets followed shares across Europe higher overnight, while the dollar also surged, ahead of the latest Federal Reserve meeting in the States which may map out a QE exit strategy.

Legal & General (L&G) has promoted one of its senior staff to finance director after the insurer's external candidate was disapproved of by the regulator.