News

Britain's retirees will flock overseas as a result of last week's budget, according to deVere Group.

The National Employment Savings Trust has finalised its opt-out process ahead of the introduction of auto-enrolment later this year.

Auto-enrolment will spark a surge in pension business and providers could struggle to cope with increased volumes unless they prepare now, Friends Life has said.

A financial adviser has been fined £95,200 and banned by the Financial Services Authority (FSA) for knowingly submitting mortgage applications in his own name which contained false information.

Chancellor George Osborne "buried" plans in last week's budget to offer a tax break to non-doms, according to an analysis of the budget small print by a Labour peer.

Proposed changes to the Financial Services Compensation Scheme (FSCS), opening up eligibility to more parties, are likely to lead to increased compensation costs and higher levies.

Gary Shaughnessy, head of Fidelity's retail business, is leaving the firm to become chief executive of Zurich's UK life business.

The average pension saver has lost £2,750 a year from their future income in retirement over the last year, research finds.

Axa Wealth has said it has "resolved" functionality issues on its wrap proposition Elevate which has now reached £4bn assets under management (AUM).

National IFA Towry has announced "record" profits for 2011, after poor performance in 2010.