News

Merrill Lynch's chief investment officer Bill O'Neill has advised investors to steer clear of government bonds, saying they will only offer value in a double-dip environment.

Chancellor George Osborne should merge the incoming Financial Policy Committee (FPC) with the Monetary Policy Committee (MPC) to create a "single super-committee", it has been proposed.

Bankers could see bonuses capped at twice their basic pay and forced to return "golden hellos" if they fail to perform, under draft European rules being drawn up.

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.