News

The Financial Services Authority (FSA) has published final rules on mortgage selling, convinced they will "put common sense at the heart of the market" and prevent borrowers taking out unaffordable deals.

The Financial Services Authority (FSA) has confirmed it is removing the non-advised sales process for mortgages, but has clarified its definition of 'regulated' advice following concerns from lenders.

ADVISED SALES

Average pensioner incomes have increased by 50% between 1994 and 2011, according to the latest research from the Office of National Statistics.

Prudential is to compensate a member of its own pension scheme after it processed his open market option (OMO) annuity purchase at the wrong time, reducing his total purchase sum.

Workers approaching retirement could be hit by significantly weaker annuity rates as the eurozone's economy enters a technical recession, an adviser group has warned.

Skandia has announced its gender-neutral pipeline plans including the launch of tele-underwriting.

The Department for Work and Pensions (DWP) is considering setting up a lifeboat fund for defined contribution (DC) schemes funded by a levy on contributions.

Prime Minister David Cameron has been accused of revealing that tomorrow's GDP figure will meet positive expectations, in an apparent slip-up that could have breached the embargo on the official data.

A second tax adviser working for the Vantis Tax group was today jailed for four years for his part in a £70m tax fraud.