News

The European Union's (EU's) move to cap bankers' bonuses could see those earning more than €500,000 to get significant pay rises, according to Martin Wheatley.

Pointon York is to use the Origo Options Transfer service on all pension transfer business it conducts.

Invesco Perpetual's Neil Woodford has suggested the FTSE All Share's bright start to 2013 could soon be derailed as the rally has not been driven by an improvement in fundamentals.

Aviva has signed an exclusive three-year deal with the Lighthouse Group to provide life protection products through its national adviser division, Lighthouse Financial Advice (LFA).

Cazenove Capital's director of investment funds Robin Minter-Kemp is expected to exit Schroders after the two groups combine later this year, Investment Week understands.

NEED TO KNOW

IFAs in Scotland could see regulatory costs rise, and have to deal with an inefficient compensation scheme, should the nation's electorate vote 'yes' to independence from the UK, a government report warned.

The Financial Conduct Authority (FCA) has said it is "open and neutral" on whether getting regulated advice when buying an annuity is necessary.

Fund closures and mergers in the UK have soared to a record high in the past six months as groups cull smaller or underperforming funds amid pressure on margins.

The proposed European Union (EU) financial transactions tax (FTT) will hit the pensions and investments of millions of hard-working people, warns a leading financial adviser.