FCA strengthens rules on pension transfer advice
The Financial Conduct Authority is set to strengthen rules on pension transfer advice.
LGIM's assets surge 16% despite £16bn passive outflow
Legal & General Investment Management (LGIM) saw net inflows of £7.6 billion in 2014, a 63% fall in 2014, but sufficient to take the company's total assets under management (AUM) up to £708.5 billion.
RBS to cut 14,000 investment banking jobs
The Royal Bank of Scotland is to cut 14,000 jobs from its investment banking arm, according to reports.
ITV shines on £250m windfall but FTSE edges lower
Standard Chartered jumps after ruling out rights issue while ITV announces a £250 million windfall for shareholders.
One in 10 workers fear they can't afford to retire
One in 10 workers fear they will never be able to retire from work, according to research.
L&G sets out pension and platform plans as individual annuities fall 54%
Legal & General has set out its pensions strategy for life under the new retirement regime as it looks to offset a 54% decline in individual annuity sales.
Wednesday Papers: More banks retreat from investment banking
And UK government’s sale of 40% stake in Eurostar to net British taxpayers more than £750 million.
Overnight Markets: US stocks retreat led by technology stocks
Soft auto sales numbers and Iran commentary also gave some investors pause after a strong run-up for major indexes in February.
Former Morrisons tax boss sentenced over insider dealing
The former head of tax at supermarket Morrisons has been sentenced to 12 months imprisonment for insider dealing.
Equitable Life transfers £875m annuity business to Canada Life
Canada Life is to gain £875 million in annuity business as a result of the deal.