News

Stephen Shone, finance director at Royal London, is to step down from the role and be replaced by Kerr Luscombe.

The Pensions Regulator (TPR) has forbidden auto-enrolment into small defined contribution (DC) and high-charging legacy schemes.

AUTUMN STATEMENT

Retirees with pension pots worth less than £18,000 will no longer have to pay higher-tax rate when taking a pension pot as cash, according to reports today.

The Financial Ombudsman Service (FOS) has revealed details of a Keydata claim where it ruled against the IFA but decided no redress would be paid to the investor.

Log on to IFAonline from 12.30pm as we bring you measure-by-measure coverage as Chancellor George Osborne makes his statement to the House of Commons.

Brewin Dolphin's discretionary funds rose 16.7% to £18.2bn at 30 September 2012, up from £15.6bn the year before.

Reinsurer Swiss Re could be on the hook for $1bn in damages over a life insurance deal agreed with Warren Buffett's Berkshire Hathaway conglomerate, according to reports.

The former chairman of collapsed lender HBOS was berated by MPs and peers yesterday and accused of being "either delusional or dishonest", The Times reports.

Chancellor George Osborne is set to announce austerity measures will be extended into 2018 and banks will face more tax in a "bleak" Autumn Statement, according to reports.