News

The ABI has called for a national awareness campaign on the public's right to social care once the Care and Support Bill is published in the spring.

Firms distributing 'payment protection' products - such as short-term income protection - must ensure salespeople do not have inappropriate incentives to sell them, the Financial Services Authority (FSA) has stressed in new guidance.

Andrea Rozario, director general of The Equity Release Council, has chosen to step down from her role at the end of February to pursue new challenges.

National Savings & Investment (NS&I) is to close its Cash ISA and automatically transfer customers to its Direct ISA in May as part of long-standing plans to simplify its range of savings products.

HM Revenue and Customs (HMRC) has confirmed it is consulting on whether to tax fund rebates paid to customers.

The Office of Tax Simplification (OTS) has made a range of recommendations in a bid to make tax simpler for Britain's pensioners.

David Bellamy, the chief executive of St. James's Place (SJP), has said the business is "well positioned" to reap the benefits of the new trading environment introduced following the Retail Distribution Review (RDR).

The Financial Services Authority (FSA) has extended its investigation into firms suspected of attempting to manipulate the London inter-bank offered rate (LIBOR) to interdealer broker ICAP, according to a report in the Financial Times (FT).

The chief economist of the International Monetary Fund (IMF) has asked the government to "take stock" of its austerity programme ahead of the next Budget in March.

Drawdown customers and their advisers must be aware that despite the 20% uplift being restored, their pension might not increase for a year, Skandia warns.