Recommended

Wonga
3

Wonga records pre-tax loss following £35m customer redress hit

Controversial payday lender Wonga has reported a pre-tax loss of £37.3m for 2014 after taking a £35m customer remediation hit following an intervention by the FCA. The firm’s full-year results for the 12 months to 31 December 2014, published today, reveal revenues plummeted 31 per cent year-on-year, from £314.7m to £217.2m, driven by a “significant […]

Behind the headlines: Cicero’s Iain Anderson

Following the election, the political landscape has shifted. With a Conservative Government, a resounding victory for the SNP, and Labour forced to rethink its strategy, what will this unexpected turn of events mean for financial services? Money Marketing editor Natalie Holt talks to Cicero director and chief corporate counsel Iain Anderson about how the exit […]

Downing-Street-Sign-Politics-UK-700.jpg
5

Advisers cheer Conservative victory

Advisers have welcomed news of the Conservatives’ election victory despite mourning the loss of some Liberal Democrat ministers. David Cameron’s party have been swept back into power today, gathering enough seats to rule without the support of the Lib Dems. Alpha Investments and Financial Planning director Alan Solomons says the news is positive for investment markets. […]

Zurich-building-2012-700.jpg

Zurich transfers annuity book to Rothesay Life

Zurich UK Life is to transfer its legacy portfolio of £1.2bn of annuities to specialist insurer Rothesay Life for an undisclosed fee. Under part seven transfer rules the transfer, of around 28,000 policies, is subject to a review process by regulators and courts before it can complete. Zurich has not actively promoted annuity sales since […]

Retirement - thumbnail

A downhill stroll?

The Department for Work and Pensions (DWP) has recently published new research, which once again demonstrates how the prospect of retirement is changing for older workers.

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment