News

Auto-enrolment will reduce demand for self-invested personal pensions at the lower-earning end of the retirement market, Martin Tilley, technical services director at Dentons says.

The Financial Services Authority has hit the "nuclear option" with its plans to ban the sales of unregulated collective investment schemes (UCIS) to most retail customers, according to a regulatory law expert.

The spot price of gold climbed by over 1% to $1,655 an ounce as the Federal Reserve said it is likely to ease monetary policy soon unless there is a sharp change in economic data.

Victims of Bernie Madoff's huge Ponzi scheme have been accused of greed over their demand for interest to be paid on their compensation.

Ignis grew its IFRS operating profit for the first half of 2012 to £19m, compared to £18m during the same period last year, despite difficult trading conditions and continued investment in the business.

Openwork is to reduce the charge it levies on restricted advisers writing investment and pension business on its platform.

Closed fund consolidator Phoenix Group has appointed former Financial Services Authority (FSA) head Sir Howard Davies as chairman.

The successor to Mervyn King will have an "unduly powerful role" thanks to Treasury plans to extend the powers available to the Bank of England (BoE), one of the bank's advisers has warned.

Santander, the UK's second largest mortgage lender, has been criticised for hiking its standard variable rate (SVR) by 0.5% - to 4.74% - a move expected to affect several hundred thousand customers.

Almost half a million people will retire over the next 30 years saddled with average mortgage debts topping £50,000, research suggests.