News

David Hickey, chairman of the Lighthouse Group, has robustly defended the company's proposal to de-list from the AIM stock market, saying critics of the move are "ill informed or ignorant".

Resolution has cancelled an intended £250m payout to shareholders after reconsidering the expected capital requirements of Friends Life.

Amendments should be made to the Financial Services Bill to ensure the Financial Conduct Authority (FCA) properly promotes UK financial services in the global market, a think tank has said.

More than half higher rate taxpayers are failing to claim full 40% tax relief on their pension contributions, research commissioned by Prudential has found.

Sesame Bankhall Group has begun rolling out a new advice platform to its member firms.

The managing director of James Hay has apologised to ex-Honister advisers for a ‘heavy handed' letter sent direct to their clients indicating they could appoint a new adviser while theirs awaited re-authorisation.

Aviva is to roll out a simplified pension proposition on its platform, sitting between its ISA and SIPP models.

The Association of British Insurers has said it is "extremely confident" age and disability pricing factors will not go the same way as gender with the incoming EU Equal Treatment Directive.

Moody's has downgraded the credit rating of financial services group Close Brothers, pointing to the rapid growth of its loan book and its exposure to the flagging UK economy.

Victims of a £1m boiler room scam are to be paid back a fraction of their losses after the Financial Services Authority (FSA) secured a court order against the fraudsters behind it.