News

The Government is to develop a new range of 'simple' products to help encourage saving but says it has learnt from the mistakes of the past.

Ascentric has launched a tool providing advisers with a breakdown of client portfolio charges, including the cost of setting up model portfolios and ETFs.

Equity release sales jumped 22% in the first half of 2010 to £454.99m compared to same period last year, according to Key Retirement Solutions (KRS).

The Government is expected to throw its weight behind the scrapping of compulsory annuitisation when it launches a consulation on pensions funding tomorrow.

Medicals Direct Group has bought key competitor, City of London based, Medibureau for an undisclosed sum.

Update 12pm: The FTSE dropped more than half a percentage point into the red this afternoon following a shaky morning session for banks.

Consumer confidence has fallen for the second month in a row, regressing to similar levels as seen 12 months ago, according to Nationwide.

UK unemployment fell 0.1% to 7.8% in the three months to May this year, according to the latest data from the Office for National Statistics.

The UK's public sector debt could be nearly £4trn higher than headline figures suggest, according to new research.

Mike Riddell, a member of the highly-regarded M&G bond team, highlights the worrying aspects of June's inflation 'fall'.