News

‘Worrying' numbers of people are not using their pension savings efficiently leaving potential inheritors liable to a hefty tax, according to Skandia.

Just Retirement has announced a ‘record' Q4 with a 29% increase in total group sales at £1,464m.

The Investment Management Association (IMA) is to begin charging non-members to list funds in its sectors in a move that could see some groups removing vehicles from the listings altogether.

Financial advisers working in banks will have a tougher time than IFAs persuading clients to part with a fee for their services, research suggests.

Eight in ten pensioners expect the value to their pension will decline due to inflation, according to AXA Wealth.

Friends Life has introduced fee facilitation options across a number of product ranges ahead of the implementation of new remuneration rules brought about by the Retail Distribution Review (RDR).

LV= has seen 25% growth across its retirement business over the first half of 2012.

A sole trader independent financial adviser has been banned by the Financial Services Authority (FSA) and fined £10,500 for lacking competence and failing to treat his customers fairly.

HSBC has put aside $1.3bn (£830m) in UK customer redress provisions and $700m (£450m) relating to US regulatory and legal issues as it reports $12.7bn in interim pre-tax profit.

The British economy's "capacity to absorb shocks" will help it to recover from recession and ensure it keeps its AAA credit rating, Standard & Poor's (S&P) said.