News

Savers will lose out if structured products continue to be "tarred with the one brush", according to financial adviser Ian Lowes.

The cost of buying a £5,000 retirement income has jumped by 29% since December 2009, according to an Office for National Statistics report.

Banking giant HSBC has proposed reducing staff numbers by 1,149 as part of a restructure of its wealth business.

The "high profile" of Tesco will boost retirees' inclination to shop around for the most appropriate pension income product after the supermarket giant announced it is to launch an annuity comparison service, according to Tom McPhail.

Bristol and West, which is owned by the Bank of Ireland, has lost an attempt at a Tax Tribunal to avoid paying about £30m tax on a £91m gain.

An insurance broker has launched an e-petition to reinstate tax relief on private medical insurance following a decade of price rises for consumers.

Ascentric has become one of the first platforms to explicitly rule out lobbying for super-clean share classes.

The board of the £156m Henderson Global trust, managed by Brian O'Neill, is proposing to change its benchmark to reduce its hefty exposure to UK equities.

Harlequin Management Services (South East), which trades as Harlequin Property, has filed a notice of intention to appoint administrators at the High Court of Justice.

Too much regulation - instead of instilling greater trust in the financial services industry - can have the opposite effect, according to Richard Sexton, reputation and policy director at PricewaterhouseCoopers (PwC).