News

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.

Sheila Nicoll, director of policy at the Financial Services Authority (FSA), has announced her decision to leave the organisation when it transitions to the Financial Conduct Authority (FCA) in April this year.

Government must make the growing numbers of unemployed over-50s ‘a priority' as the state pension age rises, according to Age UK.

Financial advisers will be ‘centre stage' in the future long-term care system, according to the minister for care and support.

Ignis Asset Management parent Phoenix Group has rejected a number of takeover approaches to buy the fund management business, according to reports.

Industry veteran Phil Billingham has criticised restricted firms for peddling independence "myths".

Scottish Life's illustration rates have been "significantly better" than they were in January 2012, indicating "advisers are coping well" with the transition to the new regulatory regime, according to one director.

The Department for Work and Pensions is considering an outright ban on consultancy charges on pensions which are borne by members.

Lloyds Banking group has announced 940 redundancies in an ongoing bid to reduce costs by £1.5bn by 2014.