News

The UK's interests in financial services in the European single market are being heard an "awful lot more" by Europe than people think, according to an investment trade body.

Barclays is likely to be given until the end of 2015 to deal with a shortfall in its capital reserves identified by the new banking regulator.

The number of people saving into an occupational scheme has fallen by about 500,000 since 2010, according to figures from the Department for Work and Pensions (DWP).

Troubled overseas property company Harlequin is in "advanced discussions" with investors over its further funding and a company restructure, according to a law firm involved in the talks.

Closed-life consolidator Phoenix Group Holdings has confirmed it is in initial talks with Swiss Re's Admin Re Business Unit over a potential merger.

Intermediaries have helped boost the equity release market by 29% over the past two years, figures from the Equity Release Council have revealed.

Advisers should finalise and promote their auto-enrolment proposition now or they risk missing a "great opportunity", according to NEST.

Alliance Trust Savings has partnered with financial services consultancy Altus to provide automatic re-registration of assets.

The Complaints Commissioner has used his annual report to highlight problems his office faced when dealing with the Financial Services Authority (FSA).

Invesco Perpetual's Neil Woodford is considering snapping up shares in Lloyds Banking Group when the government begins selling its stake, according to reports.