Conduct of some structured product firms risks poor consumer outcomes, says FCA.
The Serious Fraud Office is investigating the Bank of England over liquidity auctions it held during the financial crisis.
Annuity sales only down 15 per cent due to guaranteed annuity rates.
Aviva’s UK Life business has delivered a 9 per cent increase in pre-tax profits for 2014 despite a tumultuous year for pensions.
Hargreaves Lansdown predicts 400,000 people will access their pension and warns of legal but unregulated firms exploiting savers.
He says the global backdrop is as dangerous “as any we have faced since World War II”.
M&G Investments is winding-up its £81m Global Real Estate Securities fund as it is no longer commercially viable.
The group’s Retirement Range consists of three risk-rated portfolios; Cautious, Balanced and Dynamic.
Frere-Scott joins the invetsment manager from Mobius Life.
£10k minimum for cash out and fixed-term annuity options.
Insurer’s individual annuity sales have already fallen from £1.3bn to £591m.
Deal frees up capital for with-profits customers.
The Openwork Group is teaming up with Newton Investment Management to launch a multi-asset income fund.
Architas has launched a global multi-asset fund in response to the continuing demand for income due to low interest rates and the impending pension reforms.
Antony Jenkins was awarded bonus of £1.1m on top of £1.1m salary.
Baring Asset Management has unveiled a strategic bond fund managed by head of global aggregate Guy Dunham and fixed income investment manager Richard Balfour.
Several Tilney Bestinvest investment professionals have resigned and are believed to be joining Bestinvest founder John Spiers’ business.
Slowdown follows an “unsustainable” 5 per cent annualised rise in the third quarter of 2014.
Old Mutual Wealth has posted a 5 per cent increase in adjusted operating profits, from £217m to £227m, as sales surged to £16bn.
The multi-asset manager points out that it is highly unlikely Greece will ever be able to repay its debts.
Year-to-date the market is up by 9 per cent
Bank confirms it will pay a dividend of 0.75 pence per share in respect of 2014, amounting to £535m.
Are pensioner bonds behind the £1.3bn fall in January retail fund flows?
The £2.25bn Old Mutual Spectrum range of risk-targeted funds has undershot volatility benchmarks and FE’s risk-targeted sectors since launch.
Legal & General is to launch a new fixed-term annuity to help savers limit the income tax they pay when accessing their pensions after April.
Net retail sales slumped more than £1.3bn last month, with net retail sales totalling just £320m, according to the latest Investment Association figures.
Global Forestry Investments and Global Forex Investments promised returns of 10 per cent from investments in teak plantations.
Wealth manager has £16.7bn funds under management.
Fidelity China Special Situations manager Dale Nicholls has been buying “the most hated asset class in the world”: Middle Kingdom property companies.
Asad Bhatti has been appointed deputy fund manager of the Invesco Perpetual High Yield Fund where he will join the group’s co-heads of fixed interest, Paul Causer and Paul Read in the management of the portfolio.
Direct-to-consumer platform Strawberry Invest has launched a managed portfolios service which investors can access provided they pay in £100 a month.
February’s flash HSBC/Markit manufacturing PMI increases to 50.1, taking the sector to a four-month high.
The FTSE 100 has finally beaten its 1999 record, closing today at 6,949.63
Aviva Investors’ systems were open to abuse by traders, regulator finds.
The bank yesterday announced a 17 per cent fall in pre-tax profits for 2014.
Discretionary manager launches personal pension with £5,000 minimum investment.
After more than 15 years’ waiting, the FTSE 100 has passed its record close this morning, trading at 6,940.
Government accounts show a surplus of £8.8bn lst month.
PMI rises for a third consecutive month across the currency bloc.
Provider is also expecting to annuity profits this year to fall by up to £15m.