News

Annuity rates have declined by 29% since the introduction of the Bank of England's quantitative easing programme, AXA Life Europe has found.

Europe's equity release market could potentially release over €20 billion a year as long as current Solvency II requirements don't stifle product supply according to a report.

Network Tenet has reported a loss of £4.4m after making a £4.5m provision for claims relating to Arch Cru and Keydata.

Architas has introduced a new charging option for its range of risk-rated passive investment funds.

State pensions will face a cap under Labour should the party win the next election, shadow chancellor Ed Balls has said.

National IFA Chase de Vere has opened a new office in Cambridge and is targeting growth in East Anglia.

Platform giant Cofunds is set to report a significant drop in net retail sales of more than £1bn for 2012, compared to the previous year.

A private charity lunch with Warren Buffet has sold for $1m - less than a third of last year's price.

Friends Life has launched a venture with Key Retirement Solutions to bolster the support it offers customers at retirement.

Total platform industry costs stood £50m higher than revenues in 2011 despite assets under administration of nearly £250bn, according to Altus.