News

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

The Financial Services Authority (FSA) should as a matter of urgency retract its references to traded life policies (TLPs) as "toxic", EEA Fund Management has said.

UK Insurance Ltd, the parent company of Churchill and Direct Line, has been fined £2.17m by the FSA for doctoring its customer complaint files.

FundsNetwork has urged the regulator to change tack and include platform re-registration under adviser charging principles as part of a wide-ranging critique of the regulator's legacy asset paper.

Labour leader Ed Miliband has launched a campaign to protect consumers from "predatory" practices by pension providers and banks.

Fears of a period of prolonged inflation are "unfounded", Monetary Policy Committee (MPC) member Adam Posen said, after UK inflation dropped sharply.

A temporary rise in Spanish income tax means non-compliant bonds, which are subject to withhold tax every year, will be affected by the increase over the next two years.

J.P. Morgan Asset Management has appointed Andy Lloyd as its senior institutional client adviser for the Nordic region, making him the first employee to be based at the firm's newly-established Danish branch in Copenhagen.

Advisers have given a cautious welcome to a new tool claiming to reveal and compare the amount of commission consumers are currently paying through their investments.

Jason Britton, formerly a fund manager at T. Bailey, has launched an investment management consultancy ahead of the retail distribution review (RDR).