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United Kingdom

Pensions

 

Watchdog to tighten rules on advice for pension switching

LONDON Britain's markets watchdog has proposed stricter rules for people who advise customers who want to switch from a defined benefit pension plan to a scheme that relies on investment performance.

Recent Pension News

UK funds bullish on eurozone equities as political risk recedes - Reuters poll

LONDON British fund managers have raised their allocations to eurozone equities to the highest level since August 2016 after an emphatic French election win for centrist Emmanuel Macron pushed back the threat of a European Union break-up.

Business, Market Analysis, 31 May 2017

Global funds raise euro zone equities, cut UK assets - Reuters poll

LONDON Global investors raised their euro zone equity holdings in May, betting the rally has further to run, but cut their exposure to UK assets, reflecting uncertainty around the outcome of a snap general election, a Reuters poll showed on Wednesday.

Judge gives RBS a week to end investor suit or face trial

LONDON A judge has given Royal Bank of Scotland and thousands of investors until June 1 to agree a deal that would avert a trial over the bank's 12 billion pound cash call in 2008. | Video

Business, Money, Money Home, 24 May 2017

Rattled May forced into 'dementia tax' U-turn after poll lead halves

LONDON British Prime Minister Theresa May was forced to backtrack on one of her most striking election pledges on Monday to force elderly people to pay more for their social care after her party's opinion poll lead halved in just a few days. | Video

UK, Money, Money Home, 23 May 2017
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Consumer lending growth in May slowest since 2015 - BBA

LONDON British consumers increased their borrowing at the slowest pace in more than a year-and-a-half in May and banks offered fewer mortgages, data from the country's banking industry showed on Monday, adding to signs of a slowdown in the economy.