News

The cost of registering a lasting power of attorney (LPA) has been reduced from £130 to £110, the government has announced.

NEST Corporation, the trustee body that runs auto-enrolment pension scheme NEST, has been defrauded out of more than £1.4m, it has revealed.

Aviva Investors has split its multi-asset solutions portfolio management team into retail and institutional divisions in an effort to provide focused advice to each type of client.

The True Potential group of companies has boosted its pre-tax profit by 56% for the half year 2013 compared with the same period last year.

Barclays has named JP Morgan Chase chief financial officer Tushar Morzaria as group finance director.

Building society Nationwide has poached a senior executive at the Financial Conduct Authority to run its compliance department.

Investors in the failed Arch Cru fund range have received a further return of their capital of £17.6m as the directors now at the helm wind down the company.

The Financial Ombudsman Service (FOS) has made public details of around 1,250 final decisions as its new reporting service goes live.

The Financial Conduct Authority (FCA) has issued a final notice against an insurance intermediary and fined it almost £7.4m, after discovering that its sales scripts were flawed.

Membership of private pensions has hit a new low, according to the Office for National Statistics.