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UK government and FCA launch pensions fees study

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LONDON - Britain's Financial Conduct Authority and the Department for Work and Pensions have called on members of the country's investment industry to help fashion new rules on how workplace pension scheme costs should be reported to savers.

Funds seek compliance health-check as regulators turn up heat 02 Mar 2015

LONDON - After watching a crack-down on bankers for bad behaviour, British fund managers are calling in lawyers to help to spring clean their businesses as the regulatory spotlight turns towards their industry.

UK mortgage approvals edge up in January 02 Mar 2015

LONDON - British mortgage approvals edged up in January to show their second monthly increase, Bank of England data showed on Monday, a latest sign that a housing market slowdown may be starting to fade.

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Annual house price growth weakest since September 2013 02 Mar 2015

LONDON - British house prices fell in February for the first time in five months, taking the annual rate of increase to its lowest since September 2013, figures from mortgage lender Nationwide showed on Monday.

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Don't use low inflation to curb pay, BoE's Carney warns employers 24 Feb 2015

LONDON - Bank of England chief Mark Carney warned employers on Tuesday not to use near-zero inflation as an excuse to offer staff low wage settlements, as that might derail Britain's economic recovery.

World on cusp of major demographic shift that will hit stocks, bonds 24 Feb 2015

LONDON - The global "savings glut" that has driven stocks to record highs and bond yields to record lows will soon start to disappear, leading to higher interest rates around the world as populations age, according to a Barclays study.

Aviva Investors pays out 150 million pounds for control failures 24 Feb 2015

LONDON - Aviva Investors Global Services, part of insurance company Aviva, has paid out 150 million pounds ($232 million) in fines and compensation after failing to control conflicts of interest, Britain's markets watchdog said on Tuesday.

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Cameron woos pensioner vote with welfare perks promise 24 Feb 2015

LONDON - Prime Minister David Cameron promised Britain's pensioners on Monday that they could keep a range of welfare perks if he is re-elected on May 7, seeking to shore up support from one of the groups most likely to use their votes.

Inflation, other risks could mean UK rate hike in near future - BoE's Forbes 24 Feb 2015

LONDON - British inflation pressures could pick up quickly and other factors could also mean an interest rate hike is needed "in the near future" but the Bank of England is right to keep rates on hold for now, a BoE policymaker said on Tuesday.

UK payday lenders forced to put prices on comparison sites 24 Feb 2015

LONDON - Britain's short-term lenders have been ordered to publish details of their loans on at least one price comparison site as regulators seek to improve transparency on prices and encourage customers to shop around.

Corruption watchdog urges UK to curb hot-money flows into property

LONDON - Nearly 200 million pounds ($307 million) of money believed to be the proceeds of foreign corruption has been spent on British properties since 2004 and that amount is probably just the tip of the iceberg, a campaign group said.

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Speeding asset prices meet oncoming savings juggernaut

LONDON - If global population ageing is the real mega-trend steering modern financial markets, don't get too used to super-low interest rates or the anomalies cheap money has wrought elsewhere.

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UK inflation expectations fall again to six-year low-Citi/Yougov

LONDON - The British public's expectations for inflation in the next 12 months fell to their lowest level in more than six years in February and longer-term inflation expectations were stable at a record low, according to a survey published on Tuesday.

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