News

A former tied adviser who defrauded a friend out of £22,000, pocketing £10,000 for himself, has escaped jail but must repay the money.

Lloyds Banking Group is close to selling some 630 branches to the Co-operative Group at a significant discount to the original price tag of £1.5bn, reports suggest.

Labour leader Ed Miliband has attacked pension companies who "rip off" their clients through excessive fees and charges.

Switching the indexation of public sector pension benefits from RPI to CPI in March 2011 saved the government £126bn, a report says.

Warren Buffett has spoken out about the rapidly deteriorating state of the European economy, warning that there is no obvious answer to the region's problems.

Founder of The Money Portal Tony Morris and his associate Peter Malmstrom have been cleared of taking part in the £52m GP Noble pension scheme fraud.

The Association of Independent Financial Advisers (AIFA) has announced Financial Services Authority (FSA) managing director Martin Wheatley will deliver the keynote speech at its 2012 gala dinner.

The yield on UK gilts has fallen to a new record low during trading today, as demand for safe havens picks up once again following indecision from the Fed over expanding its stimulus programme.

Pensions minister Steve Webb has confirmed the white paper on significant state pension reform will now not be released until the autumn.

The Chartered Insurance Institute (CII) has urged providers to 'step up to the mark' and buy into the increased professionalism of the financial services industry heralded by the Retail Distribution Review (RDR).