News

The yield on UK gilts has fallen to a new record low during trading today, as demand for safe havens picks up once again following indecision from the Fed over expanding its stimulus programme.

Pensions minister Steve Webb has confirmed the white paper on significant state pension reform will now not be released until the autumn.

The Chartered Insurance Institute (CII) has urged providers to 'step up to the mark' and buy into the increased professionalism of the financial services industry heralded by the Retail Distribution Review (RDR).

The government's failure to set out cost principles for the funding of long-term care will slow new solutions from the private sector, according to Just Retirement.

The Financial Services Authority (FSA) is to commission an independent review of the Money Advice Service's (MAS) use of its resources next year, it has been revealed.

James Hay Partnership has added an additional eight managers to its iSIPP investment managers panel.

Imminent plans for another round of US quantitative easing were ruled out yesterday following the publication of the US Federal Reserve minutes, disappointing markets.

Five men were jailed yesterday for a total of 20 years for running a multi-million pound boiler room fraud.

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HSBC has revealed it faces a hefty fine - estimated at $1bn by analysts - from US regulators for failing to have the right anti money laundering controls in place from 2004 until 2010.