News

Bank of England deputy governor Charlie Bean has defended MPC policy in the face of persistently high inflation, warning the economy could be on the verge of a "durable slowing".

Europeans put a net €283.1bn into investment funds last year, the highest amount since 2005, with flows into bond funds the "defining feature", according to Lipper

FSA chief executive Hector Sants has revealed that the regulator will publish its proposed framework for the Mortgage Market Review (MMR) in autumn 2011, with no rule changes due before 2012.

SIPP provider James Hay has entered into a war of words with Rowanmoor over the FSCS levy and whether it should be passed to clients.

The Treasury will consult on removing the requirement for private companies buying out public services to provide comparable pensions to staff.

The FSA's top brass is primed for a final face-off with the Treasury Select Committee (TSC) on the RDR next week, and advisers want MPs to hit the regulator with its fiercest interrogation yet.

An ex-Scottish Widows whistleblower who claims auditors have helped life companies cover up £40bn in guaranteed annuity rate (GAR) liabilities has had his request for a judicial review turned down.

Multiplex Healthtrust has announced a joint venture with New Vision Healthcare to administer its corporate private health trust schemes.

Thinc founders Gregg Taylor and Neil Harkin have launched What Partnership, a service offering alternative investment products for SIPPs.

Two unnamed with-profits providers have been referred to the FSA's enforcement division for "governance failings".