News

The acceleration of the introduction of the single tier flat-rate state pension to April 2016 has been confirmed by pensions minister Steve Webb.

Countrywide has announced it is to float on the stock market with an initial price of 350p per share, a figure which values the firm at about £750m.

The Financial Conduct Authority (FCA) has appointed three chairmen, including the chief executive of Nationwide, to lead the independent panels set up to represent its constituents' interests and provide independent views to the regulator.

Politicians in Cyprus are considering exempting bank accounts with deposits of 20,000 euros (£17,000) or less from the planned country-wide levy.

LV= is reducing rates on its lump sum lifetime mortgage until Friday 12 April 2013.

UK CPI inflation rose from 2.7% to 2.8% in February as rising energy prices pushed the reading to its highest level since May of last year.

Local authorities should only recommend regulated financial advisers to people requiring advice on funding their long-term care, an influential committee has recommended.

The incoming Financial Conduct Authority (FCA) has outlined how it plans to use new powers permitting it to publish details of enforcement cases at one of the earliest stages of its proceedings.

Panicked British expats in Cyprus are desperately trying to withdraw their cash from ATMs after being hit by the news that the government is to implement a bank savings levy as part of the £9bn EU bailout agreed last week.

EU proposals to limit fund manager bonuses have been met by a withering reaction from the asset management industry.