News

UK defined benefit schemes have hit a funding low after combined deficits increased nearly £100bn last month to hit £312bn, statistics show.

The government has launched draft legislation and a formal consultation on a new general anti-abuse rule (GAAR) that aims to tackle artificial and abusive tax avoidance schemes.

The British Bankers' Association (BBA) has announced Anthony Browne as its next chief executive to succeed outgoing chief executive Angela Knight, who is joining Energy UK.

Axa Bancassurance is to cut 70 adviser roles at Yorkshire and Clydesdale banks.

About 9,000 workers who are subject to labour laws in both the UK and another European country are to be exempted from the auto-enrolment process.

The government "will not come to a firm answer" on the question of small pension pot consolidation despite an industry-wide consultation on the issue initiated by pensions minister Steve Webb.

The claim that Funds Of Hedge Funds (FOHFs) are able to make money in any market conditions has not proved to be correct, according to S&P Capital IQ Fund Research.

The Financial Services Authority (FSA) has fined investment firm Accendo Markets £56,000 after it failed to ensure its customers were suitable for high-risk products.

Advisers with clients in the suspended EEA Life Settlements Fund are to be offered an exit strategy following the Financial Services Authority's (FSA's) decision to ban the asset class for retail investors.

The average pay for FTSE 100 chief executives rose 10% in the past year to £4.8m, according to research.