News

The government will allow the Local Government Pension Scheme (LGPS) to ditch Lord Hutton's proposals for a career average scheme and keep the final salary arrangements, a source close to government said.

A British man has been arrested in Australia accused of faking his own death so his wife could claim life insurance.

The Insolvency Service has wound up two land banking firms in the latest clampdown on the fraudulent investment activity.

Bank of England governor Mervyn King said badly managed banks should be left to fold, as he demanded sweeping powers to force financial institutions to be more transparent.

The deputy governor of the Bank of England has revealed how the Monetary Policy Committee (MPC) nearly raised rates earlier this year, before the downturn hit markets.

ETF flows have been subdued this week as investors await a decision from the G20 before deciding where to allocate their cash, according to iShares.

Greece has scrapped plans to hold a referendum on the European debt deal thrashed out by ministers last week after the country's opposition leader publicly backed the proposals.

Members of the Unison trade union have voted in favour of strike action on 30 November in response to public sector pension reforms.

Three-quarters of consumers believe the FSA failed to stand up to the banks in the run-up to the financial crisis and has not done enough to help consumers, according to Which?.

Deputy governor for Monetary Policy at the Bank of England Charlie Bean has said lower inflation next year should both support the mortgage market and consumer spending.