News

The head of the incoming Financial Conduct Authority (FCA) has suggested the new body will adopt a less aggressive tone than its predecessor and will instead seek to "have a dialogue" with the companies and individuals it regulates.

Adviser support group Tenet is extending its offer of permanent run-off cover to the wider market.

Restricted network Personal Touch Financial Services (PTFS) has rooted out about 200 investment and pension "dabblers" after evaluating their value and risk to the business.

Pension providers will now have to include the impact of inflation in personal pension illustrations after the Financial Services Authority (FSA) released its final rules on the issue.

Standard Life Wealth (SLW) has opened an office in Bristol as a hub for its south west operations.

More than a dozen pension schemes are undertaking medically underwritten bulk annuity deals with Partnership, after the first two ‘enhanced buy-ins' were completed by the insurer last year.

Pensions minister Steve Webb has said the abolition of contracting out, brought forward to 2016, does not mean defined ambition (DA) proposals must be finalised earlier.

European politicians have voted to reform the bonus structure of fund managers, a move which puts the UK at a "competitive disadvantage" and could damage shareholder value, according to PwC.

The number of pensioners aged 90 and over has increased by 26% between 2002 and 2011, according to the Office of National Statistics.

Nick Ring has been promoted to head of distribution at Threadneedle after Campbell Fleming took over as CEO at the group.