News

Consumer research undertaken by the Financial Conduct Authority (FCA) found 40% of consumers do not exercise their option to switch and instead purchase an annuity from their existing pension provider. The regulator found six key reasons why.

The Financial Conduct Authority (FCA) is asking annuity providers to look into their non-advised sales going back to 2008 to see if consumers missed out on higher income by buying the wrong type of annuity.

Michael Hasenstab, manager of the $39bn Templeton Global Bond fund, provides his macroeconomic outlook for 2015.

The FCA has proposed a 'Pensions Dashboard', and said product providers should be obliged to reveal how their annuity quotes compare with competitors' following its study of the retirement income market.

Polar Capital has reported a 'challenging' first half of its financial year after Japanese market movements weighed on the business.

James Henderson has added a small stake in Tesco to his Lowland investment trust, after shares plunged 15% following the supermarket's third profit warning in four months.

The Financial Conduct Authority (FCA) said it has overhauled its systems and processes after it was found to have been "seriously inadequate" in its response to a media blunder earlier this year.

A cocoa price crisis, Draghi quitting the ECB, and a devaluation in the yuan could all be on the cards for 2015, Saxo Bank chief economist Steen Jakobsen (pictured) has predicted in his annual ‘Outrageous Predictions'.

Veteran bond investor Bill Gross has questioned the possibility of a "fairytale ending" for markets as they spiral towards lower returns and lack of liquidity.

The total costs of an independent report into the Financial Conduct Authority's strategy to brief a national newspaper on one of its high-profile regulatory projects are approaching £4m.