News

The banking crisis has been as damaging to the UK economy as a world war, a top Bank of England (BoE) official has said.

F&C Asset Management has appointed the head of its institutional business, Richard Wilson, as its new chief executive.

Further changes to the tax relief available on pensions - as has been predicted ahead of the Chancellor's Autumn Statement this week - may destroy public faith in saving for retirement, according to financial services consultants Punter Southall.

The Association of Professional Financial Advisers (APFA) has called into question the amount of money spent each year by the Financial Services Compensation Scheme (FSCS) on recoveries.

A group of thirty international pension experts has challenged the Pensions Policy Institute's (PPI's) claim that planned reforms will significantly reduce the gap between public and private sector pensions.

The Financial Services Authority (FSA) is proposing emergency measures to intervene in the sale of products where it judges mis-selling, flaws, or other problems to consumers.

Discretionary fund manager Saltus Fund Management has bought Altrincham-based wealth manager Mercater Capital Management for an undisclosed sum.

Aegon has appointed Duncan Jarrett to the role of retail managing director following a restructure at the group.

Here are our picks of the stories your clients may have read in the weekend newspapers...

Just 6% of advisers believe the current regulatory environment is having a positive impact on their ability to offer advice, according to a survey of more than 500 intermediaries.