News

The Association of Independent Financial Advisers (AIFA) has set out plans to the Treasury on how regulatory fines could be used to transition the Financial Services Compensation Scheme (FSCS) to a pre-funded system.

Wrap platform Novia is to double its regional sales force from ten to 20 before the Retail Distribution Review (RDR), beginning with the appointment of Zurich executive Scott Adams as head of the Scotland region.

The 400,000 people who have dropped out of personal pension saving since 2008 are unlikely to make up the contributions later in life and will face reduced income in retirement, Axa Wealth has warned.

The Treausry has confirmed occupational pension schemes will not be forced to comply with gender neutrality legislation when providing members with annuities.

On-Line Partnership Group is to appoint ex-Tenet commercial director Peter Lane to the role of group commercial director.

David Lawton, acting head of the Financial Services Authority's (FSA's) markets division, has been appointed to the post permanently.

HSBC has apologised to the US Senate after the bank was found to have allowed drug money to be laundered through its accounts.

The majority of pension providers and managers are failing to inform savers about 'hidden charges' which typically wipe £100,000 off pension savings, a think tank has said.

Guardian Wealth Management has appointed technology provider SEI to run its white-labelled platform and back-office systems.

Workers risk missing out on essential financial advice if Steve Webb's small pot pension plan goes ahead, Aegon has warned.