News

Average annuity rates have undergone the first recorded quarterly increase in two years, according to research.

The Financial Conduct Authority (FCA) is to conduct a "back to basics" review of fees and segmentation of the industry.

Ex-Schroders head of UK and European credit Adam Cordery has joined Santander Asset Management after exiting Schroders last July.

Just Retirement annuity sales reached £800 million for the first time in the six month period ending 31 December 2012.

Adviser costs for the Financial Conduct Authority (FCA) have been raised 13% to £41.9m for 2013/14.

Legal & General (L&G) has exited the with-profits annuity market.

James Hay Partnership has joined forces with specialist wealth management firm Berry Asset Management to offer a self-invested personal pension to advisers.

Ingis Asset Management has hired Mira Bhogaita as portfolio manager on the UK equity team.

Nick Leeson, the trader whose wrong- way bets on Japanese stocks ruined Barings Plc, is joining a mediation firm to advise Irish borrowers looking to renegotiate debts in the wake of the real estate collapse, according to reports.

Activity in the UK housing market has hit a three-year high, surveyors report, supporting hopes of a revival that would help the economic recovery.