News

Members of workplace pension schemes run by Friends Life increased by 4% between 2010 and 2011, the insurer said.

A cut to a pension credit which rewards over 65s who have made additional savings for retirement, may mean thousands of pensioners will not benefit from the state pension increase this year.

The Bank of England has held interest rates at 0.5% and resisted another round of quantitative easing amid tentative signs of an improvement in the economic outlook.

Compensation payments due to consumers mis-sold Payment Protection Insurance (PPI) slowed in January for the first time since September, with £403m paid in redress.

A financial adviser has been left in "total shock" after five colleagues left his company to form a new business, without, he claims, informing him of their plans.

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The High Court has placed two landbanking businesses into provisional liquidation on the grounds of public interest, following an investigation by the Insolvency Service.

A $60bn hedge fund is among four bidders for the assets of life settlements fund ARM Asset Backed Securities.

Horizon Asset Management has launched a prime central London share class to its Cayman-domiciled British Property Opportunities Fund (BPOF) to take advantage of the current lack of supply and strength of demand for prime real estate in central London....

The Bank of England is expected to resist unleashing extra emergency support for the economy today amid mixed signals over the fate of the recovery.