News

European equities lost ground in afternoon trading ahead of a crucial EU summit, as Spain officially asked its eurozone neighbours for a bailout.

MPs should ditch their gold-plated pension arrangements and move to a defined contribution (DC) scheme, Saga director-general Ros Altmann says.

The Association of Independent Financial Advisers (AIFA) has appointed Clare Griffiths from the Financial Services Compensation Scheme as its new senior policy adviser.

Failure to shop around for an annuity is costing pensioners £124m per year, Key Retirement Solutions claims.

The majority of advisers favour outsourcing investment management to a discretionary fund manager (DFM), research suggests.

Nine out of ten advisers report clients using income drawdown are worried about their income potentially falling by as much as 55%, a poll has found.

The government's attack on the use of offshore vehicles is set to continue following the release of a consultation paper on published by the HM Treasury on 31 May 2012.

The Personal Finance Society (PFS) has launched its final guide to determine whether member firms will meet the criteria of the Retail Distribution Review (RDR).

The latest World Wealth Report by Capgemini and RBC Wealth Management shows there was a slight increase in the global high net worth population since 2011, particularly in the Asia Pacific region.

The parent company of enhanced annuity provider Partnership intends to list the business on the stock market.