News

Pensions minister Steve Webb has admitted the government needs to do more to prevent consumers being auto-enrolled into "dodgy" pension schemes.

The government can lift the restrictions on the National Employment Savings Trust (NEST) without "offending" European Union (EU) state aid rules, the shadow pensions minister has claimed.

Advisers fear weak interest rates and turbulent markets will hit people's defined contribution (DC) pension funds, Aegon research has revealed.

The Financial Services Authority (FSA) has brought cases against Arch Financial Products and the company's chief executive Robin Farrell and chief operating officer Robert Addison.

If an independent body is not appointed to monitor the regulator's performance, the Association of Professional Advisers (APFA) will take on the task itself, the body's chairman told members in a defiant speech last night.

Fidelity FundsNetwork has urged regulators and the Treasury to urgently clarify its rules on adviser charging.

Key Retirement Solutions has completed the purchase of IFA annuity broking service Annuity People.

The "lunacy" of the euro and its "inevitable" end may improve the funding position of UK pension schemes, economist Roger Nightingale has said.

UK residents with Swiss bank accounts are being warned that new landmark taxation arrangements are scheduled to come into force on 1 January next year.

Bank of England governor Mervyn King has said the UK economy may contract once again in the fourth quarter of 2012 despite moving out of recession in Q3.