News

The Financial Services Authority (FSA) should tighten up the way some providers market their services, according to one adviser who says he is continually bombarded by providers pushing commission.

Global insurer Zurich has named David White as head of retail, UK life with effect from 21 January.

Labour backbencher David Miliband has called for the government to cut pensions tax relief to £26,000 to match the national average wage.

Advisers remain cautious about the prospects for the UK in 2013 and over the ability of Prime Minister David Cameron and Chancellor George Osborne to lead the country's recovery, research suggests.

Insurance company Ageas has appointed a new group chief operating officer (COO) and UK chief executive officer (CEO) in addition to several other senior recruits.

Two former employees of HBOS have been arrested along with a string of other suspects following an investigation into loans offered by the bank prior to its collapse.

Insurer Aviva has strengthened its balance sheet by selling its 34 million share stake in Dutch insurer Delta Lloyd via a private placing.

MF Global's UK administrator KPMG has confirmed it may be able to double payouts to customers and make its first creditor payments after a three-way settlement was agreed.

The government has won a key parliamentary vote on plans to cap benefit increases to 1% for the next three years.

Expected pension incomes have fallen to the lowest level in six years, according to Prudential.