News

A parliamentary select committee has called for government and regulators to make the Open Market Option ‘mandatory' at annuity purchase.

Pension providers who automatically increase clients' drawdown income to 120% GAD could push clients into a higher tax bracket warns Hornbuckle Mitchell.

The issue of the frozen state pension for retirees who move abroad will be debated following a campaign by an expat group.

The over-55s are most at risk from the interest-only mortgage time-bomb, according to equity release specialists.

The Public Interest Unit of the Insolvency Service is looking into the administration of the sales arm of Harlequin Property, IFAonline understands.

The decision by the European Central Bank (ECB) to cut interest rates is a "positive step" but more pro-growth polices are needed, according to the chief investment officer of Close Brothers Asset Management.

FIVE CHALLENGES CARNEY FACES

The European Central Bank (ECB) has cut interest rates to a new record low amid ongoing fears about the eurozone's economic health.

An ex-mortgage broker from Rainham in Kent appeared at Medway Magistrates' Court in relation to criminal offences brought against him by the Financial Conduct Authority (FCA).

The Financial Services Authority (FSA) was ineffective because it failed to deliver a good balance of 'prudential' and 'conduct' regulation, according to the chief executive of the Prudential Regulation Authority (PRA).