News

Eight in ten pensioners expect the value to their pension will decline due to inflation, according to AXA Wealth.

Friends Life has introduced fee facilitation options across a number of product ranges ahead of the implementation of new remuneration rules brought about by the Retail Distribution Review (RDR).

LV= has seen 25% growth across its retirement business over the first half of 2012.

A sole trader independent financial adviser has been banned by the Financial Services Authority (FSA) and fined £10,500 for lacking competence and failing to treat his customers fairly.

HSBC has put aside $1.3bn (£830m) in UK customer redress provisions and $700m (£450m) relating to US regulatory and legal issues as it reports $12.7bn in interim pre-tax profit.

The British economy's "capacity to absorb shocks" will help it to recover from recession and ensure it keeps its AAA credit rating, Standard & Poor's (S&P) said.

Financial planner Informed Choice has criticising the bulk of absolute return funds for charging unjustifiably high fees and lacking consistency of returns.

Insurance brokers have raised concerns about Financial Services Authority (FSA) plans to increase their compensation threshold under the Financial Services Compensation Scheme (FSCS).

The new managing director of Bright Grey and Scottish Provident has admitted the provider has "taken its eyes off the ball" with underwriting speeds.

Meteor Asset Management has launched three structured kick-out plans.