News

A high-profile court case to determine whether pension liberation schemes are illegal will begin on 16 July.

The Prudential Regulation Authority (PRA) has accepted building society Nationwide's proposition to raise capital and mitigate business risks, granting it a two year extension.

Annuity rates continued to rise in the second quarter, with a bump of 2.4%, however, this compares with a 15% fall in the past three years, according to numbers from MGM Advantage.

A number of wealth managers have privately warned fund groups they will be less inclined to recommend funds which give preferential prices to the biggest distributors in the market, Investment Week understands.

Compliance expert Wolters Kluwer Financial Services has launched a network which pools content from five separate UK regulatory websites onto one platform.

The current pension tax relief set-up offers significant advantages over ISAs but is poorly understood by savers and ‘radical alternatives' should be explored, a report has concluded.

Christina Sinclair, the acting director of retail at the Financial Conduct Authority (FCA), is to leave the regulator and join Barclays.

The Co-operative Bank reassured pensioners that their investments were safe a month before announcing plans to slash their savings as part of a last-ditch bail-out.

Negligent directors could be held personally liable for failed companies' debts under a shake-up of corporate law to be unveiled by Vince Cable today.

Top economic forecasters are predicting an export boom for Britain next year that would provide a powerful pre-Election boost for George Osborne.