News

The current rules and regulations surrounding retirement income are ‘not fit for purpose' according to the ABI.

Manchester United is considering a £600m bond issue in an effort to curb its debts.

Meteor Asset Management has bought the structured product books of both NDF Administration and Defined Returns Limited.

Nine out of 10 defined benefit pension schemes are now closed to new entrants as employers continue to move away from the high-cost schemes, a report says.

The FTSE 100 has climbed to a fresh 15-month high of 5,451.79 this morning, with the 0.72% rise continuing the strong gains posted over the festive period.

Bernard Madoff's London-based investment business has been formally placed into liquidation, in a move that could shed new light on the fraudster's operations, according to The Sunday Times.

An FSA investigation into the problems at Britain's failed banks has revealed a litany of internal breakdowns and flawed controls that masked the full extent of their failings, according to The Sunday Times.

Almost a quarter of voters in Iceland have signed a petition against plans to repay money lost by foreigners when Icesave, the internet banking arm of Landsbanki, collapsed in October 2008.

House prices rose 5.9% in 2009 after a decade in which property values more than doubled, according to Nationwide Building Society figures.

Loretta Minghella, chief executive of the Financial Services Compensation Scheme (FSCS), has been awarded an OBE in the Queen's 2010 New Year Honours list.