News

The Financial Services Authority will today suggest scrapping LIBOR and replacing it with a borrowing rate based on actual trades, it has been reported.

HM Revenue and Customs has told providers to use men's drawdown rates for all drawdown users from 21 December 2012.

Technology provider GBST has been selected by Fidelity to provide its administration and registry software.

The Financial Services Authority has issued a public censure of City Gate Money Managers and banned its director and compliance officer Stewart Wallace Domke over pension transfer business.

Insurer Aviva recorded a loss after tax of more than £680m in the first half of the year, after writing down some £870m of goodwill at its US business.

Schemes are being urged to reconsider "distorted" gilt holdings, as persistently low yields call into question the benefits of holding the asset class.

Friends Life and Prudential are working exclusively with the National Employment Savings Trust to offer employers two-tier solutions.

The turmoil in the eurozone is creating a "bubble" in the buy-in market, consultants warn.

The UK pensions industry has reacted to a consultation on a proposed EU-wide pensions directive with unanimous condemnation.

Mercer will integrate proprietary environmental, social and governance ratings into client reports.