News

The current scope of the Retail Distribution Review (RDR) is only a temporary measure which will be expanded to mortgage and insurance advisers in the future, according to consumer finance expert Jasmine Birtles.

Restricted wealth manager Towry is planning a "busy" year of acquisition, according to its CEO.

Accord Mortgages has launched a ten-day sale on six of its mortgage products.

The UK's main inflation rate has remained at 2.7% for the third month in a row, broadly in line with economists' expectations, despite steep rises in energy bills.

Analysts at HSBC have suggested the popularity of balanced funds towards the end of 2012 was due to advisers attempting to maximise commission income before the implementation of new rules following the Retail Distribution Review (RDR).

Music and DVD chain HMV is to call in administrators Deloitte today as the 250-strong chain becomes the latest casualty on the high street.

The scale of the fine due to be levied on the Royal Bank of Scotland (RBS) for its attempts to manipulate the Libor interest rate could be as high as £500m, according to reports.

J.P. Morgan Chase was last night ordered to improve its risk management following a $6.2bn (£3.8bn) derivatives trading loss highlighted by a London-based employee dubbed the "Whale".

Retirees looking to achieve the £144 per week flat-rate state pension level with an annuity purchase today would need a pension pot totalling £130,000, according to analysis from Prudential.

Dealing with small pots, access to advice and developing appropriate retirement strategies were all discussed at a retirement income panel hosted by Prudential.