News

Standard Life UK life and pensions sales dived 10.6% to £10.1bn in 2009, but this was offset by a strong showing in its SIPP and wrap businesses.

Investment banks have been told bonuses must comply with the regulatory guidelines - or they face having their licences to operate in Britain revoked.

UK life and pensions giant Royal London today reports new business climbed 17% to £343.6m in 2009.

Fidelity International has launched a Facebook site for investors, including a portfolio challenge game designed to help consumers think about their investments.

Criticism of Labour's new 50p tax rate grew last night after City Minister Lord Myners revealed the Treasury's forecasted gain from the controversial move would have to be recalculated.

Kraft has closed the deal on its drawn-out takeover of Cadbury after shareholders in the UK confectionary giant gave their backing to the £11.4bn offer.

For the second year running Income Protection specialist, Dentists' and General Mutual (DG), paid over 99% of its Income Protection claims.

The Conservatives will reverse the effects of Labours abolition of dividend tax credit for pension funds.

Novia is teaming up with Premier Asset Management to offer a discretionary fund management service for advisers.

Providers offering process short cuts and adviser incentives may be driving competition, but this will not build a strong distribution model in the long-term, Aegon's Alun Beynon says.