News

The Pensions Regulator (TPR) needs to "beef up" its advice to consumers about alternative to traditional annuities, according to Prudential.

Aegon UK is in exclusive talks with third-party specialists Serco regarding outsourcing the administration of its protection business.

A millionaire property developer has been ordered to pay a total of £830,000 in fines and compensation for evasion of inheritance tax.

The Financial Services Authority (FSA) has issued final guidance for firms using centralised investment propositions (CIPs), pointing out the requirements when outsourcing to a discretionary investment manager (DFM).

The Financial Services Authority (FSA) is encouraging advisory businesses to review their replacement business sales processes.

Neptune has launched a Defensive Managed fund as it becomes the latest fund group to unveil a lower risk offering.

Ratings agency Moody's has changed the outlook on Barclays' financial strength rating from stable to negative, saying the uncertainty over the bank's future direction is negative for bondholders.

Barclays shares are in demand, despite the fall-out from the LIBOR scandal and Bob Diamond's resignation, with investors buying five shares for every one sold.

The Bank of England is likely to pump another £50bn into the UK economy today, in the latest round of quantitative easing.

The board at Barclays was told less than six months ago that the relationship between the bank's senior management and the City watchdog had "broken down", according to reports.