News

Prudential's largest shareholder, the Capital Group, is eying a potential break-up of the insurer as a radical alternative to its $35.5bn AIA acquisition.

Congressional investigators yesterday accused Goldman Sachs of taking a "net short" position in the US mortgage market in 2007 that enabled it to benefit from the bursting of the housing bubble.

Hargreaves Lansdown chief operating officer Ian Gorham is set to become the firm's first independent CEO after co-founder Peter Hargreaves yesterday announced he was stepping down from the role.

iShares, the ETF arm of BlackRock, has released an ETF in London providing US equity exposure by tracking the respective MSCI benchmark.

More than a quarter of retired people are still paying off a mortgage, while over 50% have mortgage and/or other personal debt in the form of loans, credit cards and overdrafts.

Long term care experts have warned the political motivation to overhaul the sector may wane after next week's General Election.

Pioneer has hit out at providers who "change the goalposts" mid-claim while also joining the chorus of insurers urging all income protection (IP) claims approval rates to be published.

The chief executives of 2plan Wealth Management and Tenet Group are among the senior figures at five major financial advice firms to attack the Liberal Democrats' pension plans.

High earners who contribute 15% of their salary to a pension could be £18,000 a year worse off following the raft of tax changes introduced by the Government, Punter Southall warns.

State Street has been appointed by hedge fund group Marshall Wace to provide investment services for its latest ETF.