News

Berkshire Hathaway chief executive Warren Buffett has revealed his gross income last year was nearly $63m.

About 4,000 people are planning a mass demonstration outside the London Stock Exchange to protest against "financial injustices", in a move to expand the Occupy Wall Street demonstrations that began in New York.

Hargreaves Lansdown saw net new business inflows rise by almost a quarter in the three months to September, but said a fall in its assets under management was caused by stock market movements.

Controversial NHS reforms have taken a step nearer with the government's Health and Social Care Bill surviving its latest stage in the House of Lords.

Lawyers acting for the FSCS have sent IFAs who recommended their clients invest in Keydata - and who the FSCS has now paid compensation - letters of claim saying the scheme will pursue the firms for recovery of the money.

Baronness Jeannie Drake, the "mother" of the auto-enrolment and National Employment Savings Trust (NEST) reforms, has told the Work and Pensions Select Committee the ban on transfers into NEST would work against savers.

Advisers have been warned customers may drift away from them and question the value of their service if they use just one platform.

The European Commission's draft Markets in Financial Instruments Directive (MiFID) II would, if implemented, ban platforms from issuing fees to discretionary fund managers (DFMs), which would have to come direct from clients.

Some of provider Scottish Widows pension customers have been affected after a technical glitch hit its investment rebalancing system.

This week's Retirement Planner quick-fire poll asks:Are you preparing your clients for the roll-out of auto-enrolment?