News

A clause introduced in the late stages of the Pensions Bill could force scheme pensions to adhere to higher payout indexation, an expert has warned.

Families are focusing on protection, even as they cut back on non-essentials, Aviva has found.

Schroders' Richard Buxton has warned investors the chances of the FTSE 100 breaking through the 6,000 level in the next three to five years is remote.

The FSA said it hopes a consultation paper on the treatment of commission on legacy assets has "put to bed" any confusion on the issue, but it warned product providers yet to adapt their systems face an arduous task preparing for the rule change.

Five individuals suspected of being involved in land banking by way of an unauthorised collective investment scheme have been arrested.

Morningstar has changed its methodology for rating closed-ended funds, with the aim of making it easier for investors to compare risk-adjusted performance against open-ended equivalents.

Wealth manager Ashcourt Rowan is to receive an £8.5m cash injection designed to strengthen the company's balance sheet and help it realise its ambitions in the financial advice space.

IFAs hit social networking site Twitter to express their anger after an undercover investigation found financial advice given by high street banks and building societies is failing consumers.

The FSA today set out 13 examples of when the legacy commission ban will kick in - and a narrow set of circumstances under which advisers will be allowed to receive trail commission in the post RDR world.

Consumer Prices Index inflation could fall to 3% by the end of Q1 2012 as the impact of the VAT hike and high oil prices falls away.