News

Zurich plans to make 90 redundancies from its UK life business as part of cost cutting measures in light of the challenging economic environment.

The Financial Services Authority (FSA) is consulting on reducing projection rates across both personal and corporate pensions so they can be compared on a like-for-like basis.

The self-invested personal pension (SIPP) industry has rejected the Financial Services Authority's (FSA's) revised proposals for disclosure of charges warning the watchdog it has "wildly" underestimated implementation costs.

Barclays Stockbrokers has re-launched its execution-only service to intermediaries with an enhanced adviser support team.

Ireland's government is confident of victory in today's eurozone fiscal pact referendum as secret official polling forecasts more than 60% of Irish voters will tick the Yes box.

Spain is facing the gravest danger since the end of the Franco dictatorship as the country is frozen out of global capital markets and slides towards an epic showdown with Europe.

JPMorgan Chase is spinning out the "special investments group" from its troubled chief investment office (CIO) as executives clean up the division that caused $2bn trading losses, according to people familiar with the matter.

The head of Ten Downing Street's policy unit under the premiership of John Major is set to join the board of Lloyds Banking Group, the taxpayer-backed lender.

A sub-fund of the Dublin-domiciled Baring GLobal Opportunities Umbrella Fund, it will aim to achieve Asian equity-like returns with less volatility.

Franklin Templeton has launched RDR ready share classes on its Luxembourg-domiciled SICAV range registered for sale in the UK.