News

Insurers have welcomed the Office of Fair Trading's (OFT) recommendation to introduce independent governance committees for contract schemes.

The ‘poor value' legacy pension schemes highlighted by the Office of Fair Trading (OFT) account for just 10% of the market but the industry audit will "sort any problems", the Association of British Insurers (ABI) has said.

Suspended traded life settlements fund EEA Life Settlements has told shareholders to approve a restructure of the troubled vehicle or else face its liquidation.

Reigning Premier League champions Manchester United reported record revenues for the 12 months to June yesterday.

The US Federal Reserve surprised investors and sent shares soaring after it unexpectedly opted to hold back on any tapering of its stimulus last night.

Enhanced annuity specialist Partnership Assurance is thought to be one of the two companies the Financial Conduct Authority (FCA) is considering taking action against for inducement breaches, according to reports.

More than half of advisers (53%) have found the transition to the Retail Distribution Review (RDR) either smooth or very smooth, according to research published today.

Hundreds of thousands of people are saving for retirement into pension schemes which are poor value for money due to high charges and poor governance, an investigation by the Office of Fair Trading has found.

J.P.Morgan Asset Management (JPMAM) has launched a calculator for advisers to demonstrate to clients the power of ‘compounding' when reinvesting their dividend income.

The Tenet Group is offering its Chartered advisers a 50% discount on their professional indemnity insurance (PII) excess after negotiating with its underwriters.