Britain's financial watchdog has announced sweeping changes to investment advice rules that could help millions of people make better decisions about their money, in what it described as the biggest shake-up for more than a decade
European Union regulators are reportedly preparing their first comprehensive stress test of non-bank financial institutions, including hedge funds and private equity firms, as concerns grow about risks in the rapidly expanding shadow banking sector
The Financial Services Compensation Scheme (FSCS) has reduced its annual levy on the financial services sector to £356 million for 2025/26, down from an initial forecast of £394 million published in November
The new integration, which will give users access to pension management tools directly within the ClearScore app and website, will be available from this month.
The group of 29 MPs said that they are “deeply alarmed” by powers contained in the Data Protection and Digital Information Bill that would allow the government to surveil millions of people, including the most vulnerable in society.
A reported 41 per cent rise in Aviva’s private health business has contributed to a nine per cent uptick in its operating profit for its financial year ended 31 December.
In April this year, wealth management platform FNZ and Virgin Money partnered to create a digital solution aimed at making investments more accessible and straightforward for UK retail investors.
Aviva has announced it expects profits for the first half of 2023 to reach around £700 million. The figures would represent five to seven per cent year on year growth for the British multinational insurer.