£10k minimum for cash out and fixed-term annuity options.
The Openwork Group is teaming up with Newton Investment Management to launch a multi-asset income fund.
L&G’s former head of strategy for individual annuities has returned to MGM Advantage after a decade away.
Consolidator AFH Financial has acquired Rochester-based advice firm CIB Wealth Management in a deal that could eventually be worth over £970,000.
A growing political consensus could result in aggressive new tax legislation regardless of the winner of this year’s election.
Legal & General is to launch a new fixed-term annuity to help savers limit the income tax they pay when accessing their pensions after April.
Reforms risk “descending into chaos” unless Government publishes estimate.
RBS has reported a loss of £3.5bn in 2014 as costs associated with the disposal of its US bank Citizens and misselling provisions weighed on the firm.
Provider predicts annuities will hit pre-Budget levels in just two years’ time.
Davies will step down from his roles at Phoenix and Morgan Stanley.
Wealth manager has £16.7bn funds under management.
Commission paid to advisers is an “open sore” that continues to undermine confidence in the insurance industry, ABI chair and AXA UK group chief executive Paul Evans says.
Latest ‘value index’ from Vanguard suggests clients value their adviser more than a year ago.
Wealth manager is to launch a banking service in April powered by Metro Bank.
Trade body is particularly concerned about spiralling cost of lifeboat funds change programme.
More than 77 per cent of policies receive annual bonus.
Asset managers are unlikely to be blown away by technology’s winds of change, but advisers and wealth managers may not be as lucky, Create-Research says.
Report recommends “cooling off” periods if savers take too much of their pension pot at once.
The CII is to offer a new unit to train advisers on pension freedoms as soon as rules are finalised.
Provider is also expecting to annuity profits this year to fall by up to £15m.
Child was formerly managing director of 1st Exchange.
Adviser claims provider contacted his client after receiving a letter of authority from his firm.
Aegon UK’s pre-tax earnings grew 37 per cent year-on-year despite the firm’s life business being hit by the costs of complying with Solvency II regulations.
FCA set to consult on changes to capital adequacy rules just months ahead of implementation.
Members need to be protected from giving up valuable benefits.
Company warns opportunities created by pension freedoms could be stunted by lack of “high calibre” advisers.
Insurer blames decline in long-term interest rates and stunted global growth.
Hargreaves Lansdown will hit savers who attempt to withdraw their entire pension fund within 12 months of opening an account post-April with a £295+VAT penalty.
Compensation scheme says it did not pursue claims against advisers “simply to force them to go bust”.
Combined business will advise on £700m in assets.
Investment returns range from below 1.5 to 7 per cent.
Number of customers with guaranteed annuity rates cashing out doubles since Budget.
Data shows attestations are being used among firms of all sizes.
The winners of the Unbiased Media Awards on communicating with clients and making time for the media.
Employers switching auto-enrolment providers within two years hit with penalty.
Service will provide focused advice for clients using pension freedoms.
Senior technical adviser and policy adviser leave the trade body.
Daily series tracks value of pension savings against annuity prices.
As consolidation changes the shape of the advice market, experts are questioning whether clients’ interests are being lost in the battle for assets.
Government’s retirement guidance site takes user through six steps.