News

The chief executive of taxpayer-backed Lloyds Banking Group is set to be awarded a bonus worth about £2.5m next month as the lender continues its recovery from the 2008 financial crisis.

The compulsory use of an annuity broker at retirement could be written into the latest version of the Pensions Bill after Labour tabled an amendment to the legislation.

More than half of consumers believe they would benefit from seeking financial advice, according to a report out today.

Shares in Henderson Global Investors have been cut to a sell by analysts at Shore Capital after a dramatic surge in price this year left them trading well above their historic average.

At Retirement Choices (ARC), the investment platform soft launched two years ago by provider Aegon, has gained more than £1bn assets under management.

JP Morgan has agreed to pay $5.1bn (£3.2bn) to resolve claims it misled mortgage lenders before the housing crash.

Britains's embattled long-term savings industry will get a rare boost on Tuesday when figures from the Pension Protection Fund show that the rescue scheme for workers at collapsed companies has increased its assets.

The chief executive of taxpayer-backed Lloyds Banking Group is set to be awarded a bonus worth about £2.5m next month as the lender continues its recovery from the 2008 financial crisis.

The Chancellor looks set to decide the future of the taxpayer-backed lender this week following a government-commissioned review of the business.

Some savers with up to £500,000 in their account will have their money fully protected by the government if their bank fails, under new European rules.