News

Two in five people retiring this year still provide financial support to their families, according to research from Prudential.

The Venture Capital Trust (VCT) sector raised £402.5m in 2012/13, up 22% on the previous tax year, according to data published by the Association of Investment Companies (AIC).

Co-operative Group has pulled out of a deal to buy 632 branches from Lloyds Banking Group, saying it was not in the best interests of its members to proceed.

Barclays' Q1 adjusted pre-tax profit has dropped 25% to £1.8bn after the bank took a £500m hit over its restructuring programme.

Professional services provider, Praxis Malta has expanded its offering with the launch of its Trireme range of pension products.

Stocks have room to rise, investors need to diversify across fixed income and seek yield globally and emerging markets deserve another look, is the advice to investors from J.P. Morgan Asset Management.

The number of adviser firms using Standard Life's platform has increased 12% since the first quarter of 2012.

Steve Webb's pot-follows-member pension policy will make it easier for people to manage multiple pension pots but clarification is needed on the role of advice, Aegon has said.

The Pension Income Choice Association (PICA) has appointed The Annuity Exchange to build a new directory of retirement income intermediaries.

Property has overtaken the State, pensions and savings to become the most likely means of funding long-term care, according to research.