News

An IFA is fighting to get a client's money back after Abbey Life automatically annuitised their pension pot without their knowledge.

About a quarter of over-55s will spend at least two decades of their 'winding down years' saddled with some debt, Aviva research suggests.

Incoming Bank of England governor Mark Carney has suggested struggling economies dump inflation-targeting in order to kick-start growth.

The Financial Services Authority (FSA) is warning asset managers that outsource activities to external service providers to exercise "care and diligence" when entering into any arrangement, and to ensure they have a "robust" exit plan should something...

Northern Rock Asset Management is to compensate customers who took out loans with the bank a share of £270m, following errors made in paperwork.

The Financial Services Authority (FSA) is forcing HSBC to improve its money laundering safeguards after the bank was fined $1.9bn by US regulators for breaches, the largest fine paid in such a case.

Old Mutual Global Investors has made four appointments to its sales team, days after Skandia confirmed it is cutting 20% of its sales force.

About 8% of clients on the Skandia platform are signed up for adviser charging ahead of the provider's 18 December launch of its Retail Distribution Review (RDR)-ready charging model.

The director of two ‘green' finance firms which allegedly took more than £1.2m from investors has been charged with fraud.

Retail Distribution Review (RDR) requirements have made paperwork correspondence "too long, confusing and not very intuitive", said one IFA.