* UK to scrap requirement for pensioners to buy annuities * Britons to face lower penalties for using savings early * Finance ministry sees little immediate market impact * Industry levy to fund free guidance for pensioners (Updates with announcement, Treasury on likely market
Read moreLONDON, July 21 (Reuters) - Britain's finance ministry said on Monday that it expects little lasting market impact from its major reforms to employee pension schemes, and continued strong demand for British government and corporate bonds. "The government believes that the overall impact on
Read moreBy William James LONDON, July 21 (Reuters) - Britain will on Monday publish new rules for the pensions industry giving retirees greater access to their savings and free financial advice, fleshing out reforms announced earlier this year that shook the share value of British insurers. F
Read moreLONDON, July 20 (Reuters) - Britain will on Monday announce new rules for the pensions industry that will give retirees greater access to their savings, fleshing out plans announced earlier this year that shook the share value of British insurers. Finance minister George Osborne stunned Bri
Read more* To invest an initial 250 mln euros * Plans further "significant commitments" * To target companies worth 200 mln euros-1 bln euros (Adds background, detail, quote) By Simon Jessop LONDON, July 17 (Reuters) - British insurer Legal & General (L&G) plans to start lending
Read more(Add details from speech) * BoE's Cunliffe warns some funds may prove illiquid in crisis * Says markets appear to have underprices risk of illiquidity By David Milliken LONDON, July 17 (Reuters) - Investment funds focused on emerging economies or high-yield debt may be una
Read moreLONDON, July 17 (Reuters) - UK insurer Legal & General said on Thursday that it plans to start lending direct to businesses across Europe. The company said it had taken a 40 percent equity stake in Pemberton Asset Management, which is launching a new direct lending platform to provide loan
Read more-- Source link: (http://thetim.es/1qHNSl1) -- Note: Reuters has not verified this story and does not vouch for its accuracy
Read more* UK regulator in talks with insurers over annuities fallout * Insurers see sales of annuities shrink by up to 75 percent * Companies examining viability of their business models (Adds Legal & General comment on long term investments) By Huw Jones LONDON, July 1 (Reuters
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