News

Two thirds of pension experts believe the government should consider creating a simple default option for annuity purchases.

Technical specialist at the FSA Rory Percival told advisers that too many firms that had adopted Centralised Investment Propositions (CIPs) were aspirational and "not realistic" when assessing their client banks.

The Financial Services Authority (FSA) has expressed concerns about the use of distribution deals to circumvent rules banning the payment of commission.

Aviva has launched its initial adviser charging guide detailing which products qualify and how adviser charging will be enabled on those products.

Four banking giants including HSBC and scandal-hit Barclays are to provide redress to business clients mis-sold specialist insurance on loans, the Financial Services Authority (FSA) has said.

The Financial Services Authority (FSA) has called on banks and building societies to improve their work to detect and combat investment fraud.

Mike Morrison, head of pensions development at Axa Wealth, is to leave the firm to join AJ Bell as head of platform marketing.

John Deane, intermediary chief of Royal London, is to leave the company after five years.

Chancellor George Osborne has pledged to use fines imposed by the Financial Services Authority (FSA) to compensate taxpayers in the wake of the LIBOR scandal.

Chancellor George Osborne has called the manipulation of LIBOR rates by Barclays traders "a shocking indictment" of the greed of the financial sector.