News

The proposed changes to pension input periods (PIPs) are "appallingly drafted" and will lead to further confusion over pension tax, experts have warned.

Inflation fell by 0.4% to 4% in March as the cost of food and drink lowered, but it is still double the Bank of England's target.

MAM Funds has moved back into the black, reporting after-tax profit of £400,000 for 2010, compared to a £7m loss in 2009.

The IMF has cut growth expectations for the UK for this year to 1.7%, down 0.3% from its previous prediction in January.

Asian stocks declined the most in almost a month on Tuesday after the International Monetary Fund (IMF) cut its economic growth forecasts for the US and Japan.

The Japanese government has raised the severity of the crisis at the Fukushima Dai-Ichi nuclear plant to 7, a rating only previously applied following the 1986 Chernobyl disaster.

Aviva is selling 15% of its stake in Delta Lloyd and will no longer be the majority shareholder in the Dutch insurer.

Novia has poached five staff from Skandia to work on its new project with Aegon.

LifeQuote, the protection portal owned by Direct Life & Pension Services (DLPS), has added Unum's Income Protection plan to its service.

SIPP and wrap providers who do not currently pay VAT on fees for their services could find they are actually liable, warns Malcolm Small, policy director at the Tax Incentivised Savings Association (TISA).