Pension annuity deals criticised by financial watchdog
The Financial Services Consumer Panel has published the findings of its research into the consumer experience of purchasing an annuity, which shows that the market does not work well for the majority of consumers.
NS&I cuts ISA rate
National Savings and Investments (NS&I) is to reduce the interest rate on its Direct ISA by 0.25% to 1.50% AER with effect from 27 February 2014.
US jobless rate falls to 5-year low
Data from the US Labor Department shows, the US unemployment rate has fallen to a five year low of 7% in November 2013.