This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies. Find out more here.
X
MM-Cover-Small-210814.jpg

FSCS-Piggy-Bank-500x320.jpg

Sipp claims pose FSCS interim levy risk for advisers

22 August 2014 8:45 am | By Natalie Holt

FSCS says there is a “medium risk” that life and pensions advisers could be hit with an interim levy due to increased Sipp claims.

Prudential-Logo-700x450.jpg

Pru in platform push as part of £100m investment plans

21 August 2014 | By Natalie Holt

Insurer to develop a range of Isas as part of £100m plans to diversify away from annuities.

Loney-Phil-Royal London-2013

Royal London: Govt has 'grossly underestimated' charge cap costs

19 August 2014 8:52 am | By Natalie Holt, Michael Berry

Chief executive Phil Loney puts true cost of charge cap at £1bn.

Comments (1)

Business-General-Handshake-Hire-Appointment-700x450.jpg

SimplyBiz hires Aviva workplace benefits manager

18 August 2014 11:21 am | By Michael Glenister

Tom Nall joins as director of workplace solutions.

Prudential-Logo-700x450.jpg

Pru to launch UK platform

18 August 2014 8:30 am | By Natalie Holt

Insurer to develop a platform and a range of Isas as part of £100m plans to diversify away from annuities.

Comments (6)

Money-Cash-Coins-GBP-Pounds-UK-700x450.jpg

Which? calls for national savings strategy

15 August 2014 10:29 am | By Steve Tolley

Consumer group says 24 per cent have no savings at all, putting them at financial risk.

Equity-release-house-home-700.jpg

Government scraps CPIH inflation measure over reliability concerns

14 August 2014 4:42 pm | By Michael Glenister

Alternative inflation measure could be brought back pending review this year.

Property-Commercial-Real-Estate-Building-Mortgage-600x385.jpg

Partnership agrees £150m property investment deal with Rothschild

14 August 2014 10:33 am | By Tom Selby

The insurer says the deal will further diversify its investment portfolio.

Grace-Adrian-aegon-2011-700x450.jpg

Aegon UK earnings up 30% as platform assets hit £1.9bn

14 August 2014 9:34 am | By Tom Selby

Auto-enrolment charge cap expected to cost firm between £20m and £25m a year.

Groves-Steve-700x450.jpg

Pension reforms hit Partnership annuity sales

14 August 2014 9:18 am | By Paul Thomas

Annuity provider saw profits rise 66 per cent year-on-year in the first half of the year.

Loney-Phil-Royal London-2013

Royal London scraps single-tie annuity deal with the Pru

13 August 2014 2:39 pm | By Michael Glenister

New referral service with ten different providers introduced.

Comments (3)

Legal-and-General-LG-700.png

L&G quits the ABI

13 August 2014 8:43 am | By Paul Thomas

Insurer believes it can lobby more effectively on its own.

Comments (5)

Pension-Pensioner-Elderly-Payment-Bills-500x320.jpg

Two thirds of DC schemes say guidance guarantee insufficient

12 August 2014 2:50 pm | By Steve Tolley

62 per cent of schemes say they plan to offer extra support for members.

Comments (1)

BoE

PRA set for oversight of Solvency II capital discounts

12 August 2014 1:22 pm | By Steve Tolley

Government says regulatory oversight necessary because rules allow reduced capital for any liability.

Thiam-Tidjane-Prudential-2011-700x450.jpg

Pru UK profits up despite 43% drop in annuity sales

12 August 2014 11:11 am | By Steve Tolley

UK profits up 10 per cent on 2013 as income drawdown sales rise by 95 per cent.

Maggie-Craig-500x320.jpg

Former ABI director handed senior FCA savings and distribution role

11 August 2014 10:29 am | By Tom Selby

Former Association of British Insurers director Maggie Craig has been named interim head of department for savings, investments and distribution at the FCA.

Business-General-Handshake-Hire-Appointment-700x450.jpg

Ashcourt Rowan sells Sipp and SSAS book to Mattioli Woods

11 August 2014 8:50 am | By Jon Yarker

Wealth manager to sell Sipp and SSAS book for consideration of up to £355,000.

Pensions-savings-retirement-piggy bank

AJ Bell calls for capped drawdown to be scrapped

8 August 2014 3:15 pm | By Steve Tolley

AJ Bell chief executive Andy Bell says Govt should go further than current proposals to simplify drawdown.

Comments (1)

Pensions-savings-retirement-piggy bank

Dentons completes Sipp acquisition

8 August 2014 9:56 am | By Steve Tolley

Dentons says the purchase has “no adverse implications” for capital position under cap ad new rules.

Cover2

FCA throws lifeline to small Sipp firms

8 August 2014 9:30 am | By Tom Selby

But new research from Suffolk Life suggests the regulator’s apparent U-turn on UK commercial property may not be all it seems.

Comments (3)

Steve-Webb-Pensive-in-2014-700.jpg

DWP warns 12 million under-saving for retirement

8 August 2014 9:10 am | By Michael Glenister

Research says more needs to be done to encourage earning between age 50 and state pension age.

Comments (4)

HMRC-Building-700x450.jpg

How will Govt close new pensions recycling loophole?

7 August 2014 3:43 pm | By Tom Selby, Michael Glenister

HMRC could be forced to cut the annual allowance to £10,000 for people who buy an annuity.

Comments (3)

UK-Currency-Money-Coins-700.jpg

Govt expects 130,000 will use pension freedoms each year as Treasury nets £3.8bn

7 August 2014 3:07 pm | By Michael Glenister

HMT to net £3.8bn in income tax over five years.

Comments (2)

Gary-Shaughnessy-Zurich-Direct-700x450.jpg

Zurich profit up 10 per cent for half-year

7 August 2014 10:01 am | By Michael Glenister

Sales boost attributed to growth in corporate benefits.

Cover story 700 x 450

First line of defence: Is the Govt using advisers to ward off another pension transfer scandal?

7 August 2014 9:30 am | By Michael Glenister

An opportunity for advisers could yet lead to frustration for clients set on a DB transfer.

Comments (1)

Aviva-signage-building-2013-700.jpg

Budget reforms hit Aviva annuity profits; £150m set aside for charge cap

7 August 2014 8:48 am | By Tom Selby

The firm has made a £150m provision to cover the expected impact of the Government’s 0.75 per cent charge cap.

Pensions-savings-retirement-piggy bank

Scottish Widows reveals auto-enrol charge cap plans

7 August 2014 8:00 am | By Tom Selby

Provider reveals approach to implementing auto-enrolment charge cap.

HMRC-Tax-Form-Paperwork-700x450.jpg

Revealed: The new Budget pensions recycling loophole

6 August 2014 4:17 pm | By Michael Glenister

Experts warn the draft Taxation of Pensions Bill published today keeps recycling loophole open for those purchasing an annuity.

Comments (4)

Money-Notes-Currency-GBP-Pounds-700.jpg

FCA: Governance committees for workplace pension schemes to cost £8.5m a year

6 August 2014 1:54 pm | By Tessa Norman

Regulator sets out proposals for value-for-money assessments of workplace schemes. 

Comments (1)

Money-Cash-Coins-GBP-Pounds-UK-700x450.jpg

Advisers wary of calls for creation of pension 'emergency cash funds'

6 August 2014 1:50 pm | By Michael Glenister

Hargreaves proposes keeping a portion of pension saving in cash as rainy-day fund.

Comments (2)

Pension-pot-700.jpg

Govt to create new pension withdrawal option

6 August 2014 1:25 pm | By Steve Tolley

Treasury to allow access to money held by pension scheme without moving into drawdown or annuity purchase.

Comments (4)

John-Cowan-700.jpg

Sesame chief John Cowan on Friends Life's £31m complaint provision

6 August 2014 11:56 am | By Michael Glenister

Network spend on past business reviews totals £4m to date.

Briggs-Andy-2012-Resolution-700x450.jpg

Friends Life set for Budget changes as profits drop

6 August 2014 10:20 am | By Tom Selby

Friends Life group chief executive Andy Briggs says the company plans to boost its direct-to-consumer proposition following the Budget announcement.

Legal-and-General-LG-700.png

L&G plans end of year D2C launch

6 August 2014 9:22 am | By Michael Glenister

Firm elso eyeing equity release launch and will expand drawdown post-Budget

Friends-Life-FriendsLife-700x450.jpg

Friends Life reviews charge cap commission stance

6 August 2014 8:47 am | By Tom Selby

The payment of commission to advisers, along with active member discounts, will be banned for auto-enrolment from April 2016.

2014-Budget-George-Osborne-Walks-Away-with-Box-700.jpg

Budget pensions bombshell cuts enhanced annuity sales by third

5 August 2014 9:56 am | By Steve Tolley

Towers Watson says 29 per cent drop in sales largely a result of Osborne’s pension revolution.

Standard-Life-Building-700x450.jpg

Standard Life makes £160m charge cap provision as annuity profits drop

5 August 2014 8:43 am | By Tom Selby

Budget reforms saw annuity profits fall 59 per cent.

Comments (1)

FCA-FSA-Building-Sky-Contrast-700x450jpg

FCA Sipp cap ad reforms to cost industry £18m

4 August 2014 3:37 pm | By Tom Selby

Impact of capital reforms significantly reduced compared to 2012 estimate.

2014-Budget-George-Osborne-Walks-Away-with-Box-700.jpg

Royal London reviews Pru annuity referral deal

4 August 2014 2:15 pm | By Michael Glenister

Review follows radical reforms announced in this year’s Budget.

Poyntz-Wright-Nick-FCA-2013 500 x 320.jpg

FCA waters down Sipp cap ad proposals

4 August 2014 11:55 am | By Tom Selby

The FCA has softened its proposed approach to increasing capital adequacy requirements for Sipp operators.

Comments (2)

Fund Data

Editor's Pick



Poll

Do you think interest rates will rise before the end of the year?

Job of the week

Latest jobs

View all jobs

Most recent comments

View more comments