Tesco has posted a record loss of £6.4bn, one of the biggest losses outside of banking in British corporate history. In its annual results, published today, the supermarket group revealed it made a pre-tax loss of £6.38bn in the year to the end of February, compared with a pre-tax profit of £2.3bn the previous year. […]
PI insurers are considering exclusions for insistent DB to DC transfers, Money Marketing understands.
People in receipt of annuities will receive 100 per cent compensation if their provider goes bust, the Prudential Regulation Authority has confirmed. Following a consultation the PRA says it plans to increase the long-term insurance – including annuities, pensions and life assurance – FSCS compensation limits to 100 per cent, up from 90 per cent. […]
In this short video, Piers Hillier, chief investment officer at Royal London Asset Management, offers his investment outlook for the rest of the coming year across various asset classes. Watch the video in full The value of investments and the income from them is not guaranteed and may go down as well as up and […]
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