News

Axa Bancassurance is to cut 70 adviser roles at Yorkshire and Clydesdale banks.

About 9,000 workers who are subject to labour laws in both the UK and another European country are to be exempted from the auto-enrolment process.

The government "will not come to a firm answer" on the question of small pension pot consolidation despite an industry-wide consultation on the issue initiated by pensions minister Steve Webb.

The claim that Funds Of Hedge Funds (FOHFs) are able to make money in any market conditions has not proved to be correct, according to S&P Capital IQ Fund Research.

The Financial Services Authority (FSA) has fined investment firm Accendo Markets £56,000 after it failed to ensure its customers were suitable for high-risk products.

Advisers with clients in the suspended EEA Life Settlements Fund are to be offered an exit strategy following the Financial Services Authority's (FSA's) decision to ban the asset class for retail investors.

The average pay for FTSE 100 chief executives rose 10% in the past year to £4.8m, according to research.

Two more firms have joined Succession Advisory Services, adding £100m in funds under management (FUM) to the consolidation vehicle.

The Money Advice Service (MAS) has set out plans to introduce a voluntary code of practice for providers of financial education to young people.

The Association of British Insurers (ABI) has downplayed the impact of charges on pension pots, pointing instead to the importance of increasing contributions and saving earlier.