News

Between 2000 and 2009 Britons collectively saved £384bn into pension funds and life insurance products, according to research from Lloyds TSB and the ONS.

Long-term gold investors John Chatfeild-Roberts and Ian Henderson have positioned their funds to benefit from further highs in the price of the precious metal.

HSBC has bolstered its ETF range with the addition of a fund providing exposure to the Far East.

Charlie Bean, Bank of England deputy governor, says the UK's savers should "eat into" their reserve cash now to help them survive historically low interest rates.

Royal Bank of Scotland, which is more than 80% government-owned, is planning to cut another 500 jobs, mostly in the investment banking division in London.

Aegon will retain its UK life insurance and protection businesses after outlining the latest stage of plans to cut costs by 25%.

Friends Provident is unveiling a new protection toolkit and a website which it says has been developed in response to feedback from advisers

The IMF has broadly backed the coalition government's spending cuts and efforts to tackle the deficit.

Standard Life says only a third of its Towry transfers have been completed and has lambasted the wealth adviser over a catalogue of errors in its transferral process.

Lord Ashcroft transferred his £17m stake of his main UK company Impellam Group to a trust for his children on 5 April this year to avoid new tax rules.