News

Personal Finance Society (PFS) chief executive Fay Goddard is to retire next year after five years in the job.

The Dow shed more than 300 points in yesterday's session as investors questioned re-elected President Barack Obama's commitment to dealing with the US fiscal cliff.

The cost of its contribution to the Financial Services Compensation Scheme has cost Charles Stanley 40% of its pre-tax profit in the last half-year.

Schroders has reported a fall in pre-tax profits for the year to September despite a pick-up in its intermediary business.

The man in charge of ensuring Britain's financial stability has warned MPs current plans to make banks safer do not go far enough, the Independent reports.

Aegon has blamed the run up to the Retail Distribution Review (RDR)for a £4m hit on its profits, its latest results showed.

Aviva's programme of job cuts, which will see 800 staff made redundant, is on track to save the insurer £250m by the end of the year, according to latest results.

The industry must work together to solve the problem of the growing "advice gap" which will affect millions of people with small pension savings, a think-tank has warned.

Self-invested personal pension (SIPP) provider Intelligent Money has sold its direct-to-consumer (D2C) business to discount broker Clubfinance.

A group of MPs are planning to set up an All Party Parliamentary Group to help British investors who are facing legal action by a Cyprus bank.