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Lords push Govt to change Care bill financial advice rules

22 May 2013 | By Samuel Dale

The Care bill says councils must refer people to “independent” financial advice but not regulated financial advice.

IMF joins warnings of Help to Buy house price rises

22 May 2013 | By Samuel Dale

IMF identifies a series of problems with UK banks including lack of provision for future conduct problems.

Govt exempts offshore investors from platform rebate tax

22 May 2013 | By Samuel Dale

The Government has launched a four week consultation to set out detailed new rules.

CML: Remortgaging at lowest levels for 15 years

22 May 2013 | By Henry Brennan

The CML is cautiously optimistic on the impact Government support schemes will have on a muted market

iPipeline launches annuity quotation portal

22 May 2013 | By Sam Macdonald

Aviva, Just Retirement, LV= and Partnership have signed up so far.

Prudential: 1 in 7 retirees have no private pension savings

22 May 2013 | By Tom Selby

Report also finds women retiring this year are more likely to be below the poverty line than men.

Transparency campaign group launches investment calculator

22 May 2013 | By Sam Macdonald

True and Fair Campaign calculator aims to show full cost of investments.

MPC minutes show committee remains split over QE

22 May 2013 | By Paul Thomas

MPC voted 6-3 in favour of keeping QE at £375bn.

Vanguard launches four new ETFs

22 May 2013 | By Pamela Morris

Vanguard announces launch of Irish-domiciled exchange traded funds.

Platforms rule out copying Standard Life's rebate tax move

22 May 2013 | By Sam Macdonald

Platforms say they will not follow Standard Life and pay clients’ rebate tax for 2013.

Nationwide achieves largest ever mortgage market share

22 May 2013 | By Paul Thomas

Lender’s gross lending increases gross lending 16.8 per cent in the year to 4 April.

Aberdeen completes US fund manager acquisition

22 May 2013 | By Gary Jackson

Aberdeen Asset Management has completed the deal to buy US fund management house Artio Global Investors.

Halifax loosens criteria for contract workers

22 May 2013 | By Paul Thomas

Lender will now assess affordability on contract income.

Future Bank governor Mark Carney warns Europe faces lost decade

22 May 2013 | By Natalie Holt

In his last speech as Bank of Canada governor Carney warned Europe of the dangers of “half measures” to boost growth.

Advisers and investors in line for Keydata payout

22 May 2013 | By Natalie Holt

The FSCS will make initial distributions of 7.5p in the pound with total returns of between 12 and 15 per cent of the money invested.

Newton hires high yield analyst for global fixed income team

21 May 2013 | By Gary Jackson

Newton has appointed Cairn Capital’s Khuram Sharih.

Fidelity's Greetham starts to trim commodity exposure

21 May 2013 | By Gary Jackson

Fidelity asset allocation director Trevor Greetham has started to cut back on his commodity exposure in light of slowing growth expectations from China. 

UK banks face £14bn bill for EU resolution fund

21 May 2013 | By Samuel Dale

MEPs have voted through proposals for UK banks to create a multi-billion pound resolution fund.

FCA under pressure to re-think Sipp cap-ad plans

21 May 2013 | By Tom Selby

Sipp trade body says there is “minimal support” from the industry for the regulator’s proposed reforms.

TPR to spend £30m on auto-enrolment regulation this year

21 May 2013 | By Tom Selby

The Pensions Regulator will focus on boosting its enforcement capabilities ahead of SMEs’ auto-enrolment staging dates.

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