News

The Financial Services Compensation Scheme (FSCS) is to levy financial advisers for an extra £38m as it begins making part-payments to Arch Cru investors with eligible claims against failed IFAs.

In this week's quick fire poll we ask: Could pre-funded long-term care insurance products come back into fashion if they had an annuity underpin?

Retirement Planner's round-up of the top pension stories this week.

Speaking at last week's Henry Stewart conference on SIPPs and retirement options, John Moret, principal of MoretoSIPPs, said the industry's inability to speak with one voice was a concern in the face of FSA scrutiny and well-publicised examples of SIPP...

SIPP providers are being increasingly targeted for "loan buddy" business, a prime vehicle for pension leakage, warns Andrew Roberts, chairman of Association of Member Directed Pension Schemes (AMPS.)

James Murdoch is to step down as chairman of UK satellite broadcaster BSkyB, but will remain on the board.

Stephen Hunt, founder of retirement specialist Rockingham Independent, owes the company almost £100,000, according to a report by liquidator Probitas.

LV= has seen a 14% growth in sales across its retirement business in 2011 with an annual premium equivalent (APE) of £114.3m, up from £100.3m in 2010.

LV= retirement business has increased sales by 15% to £142m and profits by 20% to £33.7m in the last year, business results have revealed.

The Financial Services Authority has arrested a 23-year-old man as part of an investigation into a suspected unauthorised foreign exchange trading scheme.