THE Financial Services Authority is concerned "inappropriate remuneration schemes" may have contributed to the current banking crisis.
The watchdog said it was possible banking firms gave staff incentives to pursue "risky policies" that undermined the impact of risk-control systems. It said this would be to the detriment of shareholders...
Life expectancy in the UK saw no improvement between 2015 and 2017 as the number of people aged over 90 hit a record high, latest Office for National Statistics (ONS) data reveals.
Self-administered pension funds spent £14bn on payments to pensioners in Q2 2018, but only received £11.4bn of contributions (net of refunds), latest Office for National Statistics (ONS) data reveals.
The Pensions and Lifetime Savings Association (PLSA) has named the 17 members of its inaugural policy board after a competitive application process with 60 candidates.