News

The European Commission (EC) has promised to review funding requirements for pension funds to fall into line with Solvency II (SII).

Average retirement ages rose by almost one year between 2004 and 2010 according to research published by the Office for National Statistics (ONS).

Bankhall has launched an entry-level service aimed at advisers looking for low-cost support.

The Financial Services Authority (FSA) has fined a former managing director at Merrill Lynch International for disclosing inside information about Punch Taverns prior to its 2009 rights issue.

Openwork is launching an online support system to help its advisers target and segment their client base.

Legal & General's with-profits fund returned 1.7% in 2011 in a year which saw total bonuses of £459m added to with-profits policies.

Three of the country's largest pension schemes are in talks to join a lawsuit against Lloyds TSB directors for allegedly misleading investors over the Halifax Bank of Scotland (HBOS) merger.

James Hay and Fidelity have been ordered to pay Sir Peter Gershon more than £26,000 in total in compensation after they delayed his investment by several months due to a lost cheque.

The Investment Funds Association has merged with the Tax Incentivised Savings Association (TISA) in a move aimed at boosting TISA's distributor influenced funds (DIFs) initiative.

The eurozone crisis presents the biggest challenge to the UK economy which will likely follow a "zig zag" pattern of uncertain growth, said the governor of the Bank of England yesterday.