News

People living in the Somerset village of Hinton St George have the longest life expectancy in the country, according to research from Towers Watson.

AllianceBernstein has designed a capped drawdown product it says will give pensioners "breathing space" before they buy an annuity.

The Financial Services Authority (FSA) has lost a test case involving UBS in which it tried for the first time to punish a senior manager for inadequate supervision rather than for errors he personally committed.

French president Nicolas Sarkozy has lost the first round of the presidential election to his socialist rival Francois Hollande.

Chancellor George Osborne has played down plans to limit tax relief for charitable giving.

Banks and consumer groups are to meet on Monday with a view to "restoring trust" in the process of making payment protection insurance (PPI) claims direct to the provider.

Spanish and Italian bond prices have continued their decline as G20 leaders told European politicians responsibility for the debt crisis lies with them.

The UK savings crisis can be partly attributed to the lack of any government-led savings policy, a report by the Institute of Directors (IoD) argues.

Peter Cockburn's £371m SWIP UK Select Growth and £124m UK Opportunities funds have been handed to James Clunie with immediate effect, as part of a shake-up at the firm which will see 23 investment roles culled.

The Financial Services Compensation Scheme (FSCS) has made its first payments to investors caught up in the collapse of MF Global.