A Financial Planning firm has been told to pay a client compensation after an adviser gave her "wrong advice" regarding her pension.

The Bank of England has kept the Bank Rate at 0.5%, despite some disagreement among board members last month.

A firm offering financial advisory services has been hit with costs of £2m and a severe reprimand for failings in advice relating to a pensions fund.

The UK could be facing a childcare shortage as grandparents increasingly choose to work into retirement, a pensions company has warned.

An organisation which represents schemes providing pensions for over 17 million people has labelled the new options for retirees arising from the Budget reforms as "baffling".

Standard Life has sold its Canadian business to Manulife Financial Corporation for £2.2bn, triggering a special dividend for Standard Life shareholders.

The new guidance service could "damage" and "undermine" Financial Planners and turn consumers away from professional advice, a Conservative MP has warned the Government.

An MP who represents a constituency which is home to a number of major pension providers has raised serious concerns over how the Government's retirement guidance service will be paid for.

Retirement money totalling around £1.5 billion across the UK market is "in limbo", Hargreaves Lansdown says, as it reported a major fall in annuity business.

Aegon's platform business has passed the £2bn assets under administration marker for the first time.