News

The Financial Conduct Authority (FCA) has said it is "open and neutral" on whether getting regulated advice when buying an annuity is necessary.

Fund closures and mergers in the UK have soared to a record high in the past six months as groups cull smaller or underperforming funds amid pressure on margins.

The proposed European Union (EU) financial transactions tax (FTT) will hit the pensions and investments of millions of hard-working people, warns a leading financial adviser.

Advisers and agents selling clients investments in Caribbean villas run by Harlequin Property received commissions of up to 15%, according to a lawyer close to the situation.

Standard Life has confirmed it is to pay the recently announced rebate tax for its users until the end of this year.

Around a third of Britons do not know how they will finance later life costs for themselves or a relative, according to new research.

Outgoing Bank of England Governor Sir Mervyn King has urged successor Mark Carney not to spell out how long interest rates will remain low when he takes charge.

The pensions industry must prove to government that it is "part of the solution to the pensions issue and not the problem," the director of life, pensions and savings for the Association of British Insurers (ABI) has said.

Who moved where in another busy week in financial services...

AllianzGI has added a 'high convinction' European equity fund to its Luxembourg-based SICAV.