News

The Financial Services Compensation Scheme (FSCS) will compensate savers affected by the downfall of Cumbria-based Millom & District Credit Union, which went into liquidation today.

Legal and General (L&G) is to introduce a "trustee-style" governance committee for its contract-based pension schemes.

The pensions minister has described consultancy charging as "a classic example of how the industry allowed itself to get bad headlines."

Suffolk Life has confirmed product and operations director Will Self will become managing director of the firm.

The Financial Conduct Authority (FCA) has issued a rallying call to advisers and the wider industry to help it regulate, saying it "can't do it alone".

There has been a 23% increase in the number of UK adults who would consider equity release yet understanding of specialist advice remains low, finds research.

Verona Smith, marketing director at Cofunds, is to exit the platform in the wake of the takeover by Legal & General.

Retirement income experts have expressed concerns at the decline in the number of retirees claiming pension credit, on the back of new figures published by the Department for Work and Pensions (DWP).

The final Inflation Report of governor Mervyn King's term has seen the Bank of England revise up growth forecasts but caution inflation will still likely peak above 3% this year.

Bereaved families are being hit with inheritance tax bills totalling up to £177m due to the way life insurance policies are being paid out, according to HM Revenue & Customs statistics.