News

The Pensions Advisory Service (TPAS) has questioned the veracity of some financial advice on self-invested personal pension (SIPP) investments after an increase in calls to its helpline on the issue.

Concerns have been expressed about the way in which the Financial Services Authority (FSA) is communicating the Retail Distribution Review (RDR) to consumers.

The £1.5m lifetime allowance on pension saving should be scrapped as it is a barrier to effective long term retirement saving, a provider has said.

Seven more banks have agreed to join the Financial Services Authority's (FSA) review of sales of interest rate hedging products to SMEs.

Global equity markets are tumbling this morning as the eurozone crisis once again takes centre stage, with Spain's debt costs leaping to a new record high and speculation returning Greece will exit the single currency.

BT chairman Sir Mike Rake has pulled out of the race to be the next chairman of Barclays, according to reports.

Government plans to crackdown on aggressive tax avoidance schemes by forcing companies to hand over details of wealthy clients using the set ups.

Pensions minister Steve Webb has announced a clampdown on unfair pension fees which have 'torn the heart' out of savers' retirement funds.

European Commissioners are set to make interest rate rigging a criminal offence after the LIBOR scandal, according to reports.

At least $21trn of unreported private wealth was being hidden in secret tax havens at the end of 2010 by the world's super rich, a major study has revealed.