THE Local Government Association has called for an inquiry into credit rating agencies, after millions of pounds of council assets were frozen in Icelandic banks.
116 councils are known to have had assets in the banks – assets which include some from local government pension schemes. The LGA has discovered that the credit rating agencies were giving the banks relatively...
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MPs failed to place legislation into the Financial Guidance and Claims bill that would have made pension guidance default, which Just Group director Stephen Lowe said left a "bitter taste".
Aegon has called for the government to double the tax exemption on employer-arranged pension advice, up from £500 to £1,000.
Institutional investor confidence in Europe rose by 8.9 points in April with each region showing growing appetite for risk, according to State Street Global Exchange.