News

The average 50-year-old has paid three-and-a-half times as much direct tax than they have invested in their pension when they hit 50, according to analysis from MetLife.

The FTSE 100 is approaching a 16-month high today as investors around the globe welcomed Barack Obama's US election victory.

Wolverhampton-based sole trader Paul Landa is to launch a Facebook-like social network for advisers.

Cofunds has begun writing to the 400,000 advised clients on the platform, explaining its finalised 'disturbance' rules on legacy assets.

The Association of British Insurers (ABI) has launched a consultation on the transparency of annuity rates to ensure consumers approaching retirement get the best deal.

The government must do more to promote the benefits of the Retail Distribution Review (RDR) to consumers to help advisers stay in business, Tenet Group has said.

The well-off are receiving tax breaks on pension contributions worth on average 20 times those of ordinary workers, according to reports.

Lloyds' potential sale of its St James's Place (SJP) stake could be a landmark moment for the bank but the outlook for the wealth manager is less clear, according to investors and analysts.

OBAMA-DRAMA

Old Mutual said it is "progressing well" with plans to build Old Mutual Wealth into a leading wealth management business, but is taking further steps to address its cost base.