News

Aegon is set to sell its Guardian life insurance arm for £250m, according to the Sunday Times.

Yorkshire Building Society is to acquire the mortgage and savings business of Egg Banking, a subsidiary of Citigroup.

Controversy over City pay may be re-ignited by a new European directive that would force pay deals over €1m (£880,000) to be disclosed by banks.

Business secretary Vince Cable has hit out at what he described as "a few right-wing nutters" holding up a deal to cut US government debt.

Support services provider threesixty is planning to use its experience of dealing with the retail distribution review (RDR) to expand internationally to countries where financial planning is developing or undergoing similar reforms.

Castlestone has released a new statement emphasising the FSA's ongoing investigation into the firm does not relate to any criminal activity.

RPI-linked annuities will count towards the minimum income requirement (MIR) for flexible drawdown, the final Finance Act 2011 has confirmed.

The importance of platforms to adviser businesses has been laid bare by new research suggesting over 90% of IFA firms now use a wrap or fund supermarket.

The Treasury will invite key industry figures to two workshops during the next fortnight to discuss the possible linking of liquid savings and pensions.

The Mortgage Market Review (MMR) could significantly affect the protection market, Swiss Re has said.