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Pension savers shun annuities for drawdown and UFPLS

Drawdown and lump sums are being favoured by pension savers a month after the introduction of the radical new freedoms, figures from Hargreaves Lansdown show. Less than one in ten (8.4 per cent) of Hargreaves’ customers have bought an annuity since 6 April, compared to 75 per cent who entered drawdown and 16.6 per cent […]

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Money Marketing Awards – 18th June 2015

Date: Thursday 18th June 2015 Location: Old Billingsgate, London For 25 years the Money Marketing Financial Services Awards have set the gold standard for the retail financial services sector allowing financial advisers and providers to showcase their business and demonstrate successful outcomes for customers. This year the Money Marketing Awards are recognising only the very […]

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Lib Dems would allow councils to double tax on second homes

The Liberal Democrats is to announce plans to give local authorities power to double council tax on second homes. The announcement comes as part of a “Countryside Charter” unveiled today in Cornwall by Lib Dem leader Nick Clegg. The Lib Dems hope that by allowing councils to charge up to 200 per cent council tax, […]

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Barclays sets aside extra £800m over forex probes

Barclays has set aside a further £800m to cover the cost of investigations into foreign exchange manipulation, taking its total forex provision to almost £2.1bn. In its interim results, published today, Barclays made a statutory pre-tax profit of £1.34bn for the first three months of the year, a fall of 26 per cent from £1.8bn […]

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