News

Deputy Prime Minister Nick Clegg has called for state pension benefits to be means-tested in a move which would see wealthier older people having to pay for certain services currently available to them free of charge.

The government's proposed cuts to public sector pensions will not go far enough to plug the schemes' funding gaps, Labour peer Lord Hutton has warned.

As the eurozone crisis reaches a crescendo, the Bank of England has revealed just how much exposure UK banks have to the region's most troubled economies.

Gregor Logan, the former joint chief investment officer of New Star, has said a leveraged balance sheet and poor performance from flagship funds caused the demise of the asset manager.

An oft-cited reason for selecting a distributor influenced fund (DIF) over an independent vehicle - that it can mitigate clients' capital gains tax (CGT) liabilities - is not a strong enough standalone reason for recommending it, the FSA has said.

Department for Work and Pensions (DWP) has to bring in urgent reforms to ensure SSAS schemes are not penalised by new requirements under the Pensions Act, says Rowanmoor Pensions.

Aviva has been reprimanded over its "Downton Abbey" sponsorship idents after media regulator Ofcom decided they broke advertising rules.

Aviva has overhauled its approach to large case underwriting, to make the process quicker and easier.

Hargreaves Lansdown has added an "ultra-low-cost" UK tracker fund to its Vantage platform.

Cigna UK HealthCare Benefits has issued two free guides on work absence caused by upper limb disorders.