News

Rates for both conventional and enhanced annuities fell by more than 2% in the last three months, analysis from MGM Advantage shows.

The US Federal Reserve raised concerns about LIBOR as early as 2007 and shared proposals for reform with the UK regulator, according to reports.

Deputy governor of the Bank of England Paul Tucker hit back at former Barclays chief executive, Bob Diamond over the LIBOR scandal yesterday.

M&G's Richard Woolnough said the possibility of another £375bn in asset purchases by the Bank of England means gilt yields could remain at record lows for years to come.

Aviva Investors is shutting its Absolute Tactical Asset Allocation fund range on 11 July as a result of sub-scale net asset value.

A ‘potentially misleading' advert for Ivan Massow's commission retrieval website, which appeared in The Times, will not be printed again after a complaint to the Advertising Standards Agency (ASA).

A group of Lloyds shareholders suing directors over the 2008 HBOS takeover will use the LIBOR scandal as further proof they were misled into backing the deal.

The decision by Lighthouse Group to de-list from AIM was "shoddy" and will disproportionately hurt the majority of shareholders, Cavendish Asset Management has said.

Trade body the Tax Incentivised Savings Association (TISA) will set up a committee to monitor the Financial Services Authority's Client Assets and Client Assets and Client Money Rules.

A former broker at Pacific Continental Securities (PCS) has been fined £30,000 by the Financial Services Authority (FSA) and banned for passing on inside information to customers and other failings.