News

The government's defined ambition (DA) project faces "formidable obstacles", according to the Association of British Insurers (ABI).

Aggressive selling of sterling following last week's guidance on rates from the Bank of England has taken the pound to its lowest level in three years versus the dollar in trading today.

Increasing correlations between assets classes have left "no place to hide" for multi-asset managers as concerns over a tapering of US QE hit home.

Providers - and adviser Almary Green - have given their verdicts on news today that the government plans to lift NEST's contribution cap and transfer restrictions in 2017.

The government needs to stop making changes to the pension regime according to Almary Green.

The abolition of rebates and pressure on margins could double the break-even point for platforms from £20bn assets under administration to £40bn resulting in major market consolidation, according to Deloitte.

Investors trapped in property funds suspended by Brandeaux last week have had to wait more than two years, in some cases, to exit the embattled vehicles.

Former Chancellor Alistair Darling has warned Europe and its plethora of problems continues to pose the greatest threat to the UK unless growth returns.

Henderson shares have risen by almost 9% after the group said it expected underlying H1 profit to come in at around £100m, ahead of market expectations.

Jargon Free Benefits founder Steve Bee has welcomed news that the government plans to legislate for the lifting of NEST's contribution cap and transfer restrictions in 2017, calling the limits "crazy" - and saying they should be removed today.