News

THE LAGGERS

The government has responded to union threats of a general strike by refusing any further negotiation of public sector pension and pay reform.

A pensions specialist is challenging calls from a Conservative councillor to lifts restrictions on residential property investment in SIPPs, stating some issues must be "carefully thrashed out" first.

LV= is reducing its equity release rates and will no longer charge a higher rate of interest on loans over £600,000 from today.

Online wrap Nucleus has hired Stuart Geard, one of the group's non-executive directors and currently finance director at Sanlam UK, as its managing director.

The Financial Ombudsman Service (FOS) is in the market for "exceptional people" to become senior Ombudsmen, on salaries of more than £85,000 plus benefits.

GLG has unveiled Retail Distribution Review (RDR)-ready unbundled share classes across its UK-domiciled range.

Financial service start-ups are facing record wait times for Financial Services Authority (FSA) approval, with the average wait now reaching 22.9 weeks, 9% higher than the previous peak of 21 weeks in Q2 2010.

Lesbian, gay and bisexual people are far more likely to rely on personal and occupational pensions than their heterosexual peers, research from LGB equality group Stonewall says.

The Bank of England's chief economist Spencer Dale has warned printing more money "might do more harm than good" and could cause harm for the future.