News

Over a fifth of retirees are taking out equity release loans to clear outstanding mortgages, according to research by Key Retirement Solutions.

Retirement advice firm Age Partnership is set to launch an equity release lending arm later this year.

The Financial Services Authority (FSA) wants the power to ban individuals while it is still investigating them for alleged wrongdoing.

The US economy shrunk in the final quarter of 2012, raising fresh questions about the strength of its economic recovery.

IFAs believe those with pension pots of less than £65,000 are unlikely to pay upfront for advice, according to research by Axa.

Former tax boss Andrew Meeson set up the allegedly "fictitious" Moya pension schemes at the behest of convicted fraudster Thomas Scragg, a court heard yesterday.

Nucleus has appointed three new regional account managers to its business development team.

The Money Advice Service (MAS) has reduced its staff numbers by almost two thirds during a year-long transformation project that began in February 2012.

A law firm is preparing to launch claims amounting to £23m against Yorkshire Bank for professional negligence related to money invested in Arck LLP.

The Financial Services Compensation Scheme (FSCS) has declared 13 insurance brokers in default, paving the way for clients to claim compensation.