News

The ABI has scrapped proposals to change the name of Total and Permanent Disability (TPD) cover on critical illness (CI) plans.

UBS is being sued for more than $2bn (£1.3bn) amid claims it hid fraudster Bernard Madoff's Ponzi scheme while it lost his clients billions.

Mark Hoban, the financial secretary to the Treasury, has batted away official questions from a fellow MP about the collapse of the Arch cru funds.

Ireland was last night poised to nationalise its two biggest banks as the country continues to be battered by the financial crisis.

Mearns & Co, Informed Choice, Torquil Clark, Investment Quorum, and Clarity have won Gold Standard Awards for Independent Financial Advice.

Mutual societies are locked in talks with the FSA over exempting Holloway-style protection policies, held by thousands of people, from the RDR's remuneration rules.

Employers who run occupational small self-administered pension schemes (SSAS) have been warned about the tax implications of using encumbered assets as collateral when they take loans from their schemes.

Aegon will guarantee to increase the income base of customers invested in its unit-linked variable annuity product every year, regardless of the underlying investment performance, as the insurer makes a raft of changes to its Secure Lifetime Income (ASLI)...

The National Employment Savings Trust (NEST) has reduced the upfront charge on contributions going into the scheme from 2% to 1.8%.

Pictet and Impax were jointly named Group of the Year at the 3rd annual Investment Weeek Climate Change Investment Awards yesterday.