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News

Your profession

MP demands radical 'NEST-style' annuity provider

An MP has demanded the government creates a nationalised low-cost annuity provider to protect pensioners from poor retirement products.

clock 22 February 2012 •

Regulation

Govt rejects Arch Cru inquiry as Aldous faces MPs

The government has once again rejected a call to arrange an independent inquiry into the collapse of the Arch Cru funds.

clock 22 February 2012 •

RDR

HMRC clashes with industry over annuity adviser charging

Industry figures have raised concerns over Her Majesty's Revenue and Customs' (HMRC's) stance on adviser charging on annuity business.

clock 22 February 2012 •

Tax Planning

Tory rebels threaten to veto Budget over child benefit cuts

Conservative MPs have threatened to strike down the Budget if the government does not reconsider child benefit reform.

clock 22 February 2012 •

Economics / Markets

Two MPC members wanted £75bn QE in Feb

The Bank of England's Monetary Policy Committee (MPC) was divided over its quantitative easing (QE) programme earlier this month, with two members calling for the asset purchase programme to be increased by £75bn.

clock 22 February 2012 •

Regulation

PPI redress tips £2bn in 2011

The strain of the payment protection insurance (PPI) mis-selling scandal shows no sign of slowing as figures from the FSA show redress payments surged to a new monthly high in December.

clock 22 February 2012 • 1 min read

uncategorised

Govt may build advice into "Big Fat Pension Pot" scheme

The government is considering building regulated advice into its proposed system to aggregate small pension pots.

clock 22 February 2012 •

Regulation

Keydata probe: Ford wants ban on FSA staff who saw emails

Keydata founder Steward Ford is seeking to ban FSA staff who saw protected attorney-client e-mails from being involved in an investigation into the company.

clock 22 February 2012 •

RDR

SJP profits rise 30% as advisers near RDR-readiness

Wealth manager St James's Place (SJP) has reported a 30% rise in profits for 2011.

clock 22 February 2012 •

Economics / Markets

Dow Jones scales 13,000 for first time since '08

Upbeat economic news in the US pushed the Dow Jones through 13,000 on Tuesday, the first time it had been at that level since May 2008.

clock 21 February 2012 •
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