News

Skandia has said it will enable adviser charging on 90% of its life products with the main exceptions being the Maximum Investment Plan (MIP) and the Skandia Life Bond range.

The Financial Services Authority (FSA) has warned of a second man contacting firms pretending to be from the regulator.

Standard Chartered has agreed to pay a $340m (£217m) fine to US regulators after it was accused of trying to hide up to $250bn of transactions with Iran.

Greece is seeking a two-year extension to its austerity programme from the European Union and IMF as it struggles to find room for another €11.5bn of spending cuts.

Resolution has confirmed it will make no more acquisitions and abandoned plans to split the Friends Life business after revealing a 58% fall in profits.

Three ex-Honister providers will continue to accept bulk transfers despite MacRobin's assertion that there are legal and practical issues that should prevent them from doing so.

Attractive commission options on offer from some providers ahead of the Retail Distribution Review (RDR) contributed to Standard Life's fall in gross inflows to its new-style propositions, its UK chief executive has said.

In this week's quick fire poll we ask: Should SIPP charges be simpler?

Retirement Planner's round-up of the top pensions stories this week.

An investors' forum representing £17.5m of business in stricken life settlement provider ARM Asset Backed Securities has called for an urgent bondholders' meeting to discuss the lack of progress in compensating investors.