News

Barclays' new boss Antony Jenkins has vowed not to break up the bank by axing its investment banking operation.

Shares across the globe fell overnight as renewed fears about Germany's likelihood of approving rescue plans plagued investors once again.

More than half of the UK population has never received financial advice or cannot recall receiving any, research from the Money Advice Service (MAS) has suggested.

AJ Bell is stepping up its income drawdown lobbying activities by urging clients and advisers to write to their MP.

The Financial Services Authority (FSA) has underlined the importance of advisory firms carrying our cost comparisons when undertaking replacement business.

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.