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Women 'hardest hit' by Budget reforms

2 September 2014 11:45 am | By Sam Brodbeck

MGM research also finds nearly half of women unaware of retirement products.


Webb hints at provider reprieve over 'huge' exit penalties

1 September 2014 4:24 pm | By Steve Tolley

Webb says Government is talking to industry to deal with exit charges undermining pension flexibility.

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Nutmeg eyes pension wrapper as it posts £3.7m loss

1 September 2014 11:54 am | By Michael Glenister

D2C firm plans to target older, wealthier clients.

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FOS upholds complaint over pension ‘pressure sale’

26 August 2014 3:55 pm | By Tessa Norman

Consumer claims he was pressured into taking out a pension by Sun Life Financial of Canada.

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Barnett Waddingham acquires Sipp provider

26 August 2014 10:36 am | By Sam Brodbeck

Deal sees firm’s Sipp portfolio pass £1bn in assets under administration.


Gap between best and worst annuity rates widens

26 August 2014 10:15 am | By Michael Glenister

Analysis of ABI figures shows gap between best and worst annuity rates has increased to 35 per cent.

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Skandia to shut Invesco funds and switch £640m to Woodford

22 August 2014 1:47 pm | By Sam Macdonald

Skandia says the move has been made on the back of investor feedback and is in the best interests of clients.

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Compliance director leaves at Hornbuckle Mitchell

22 August 2014 11:45 am | By Michael Glenister

Stella Croot leaves Sipp operator after eight years. 


Aviva agrees £300m bulk annuity deal

22 August 2014 11:12 am | By Michael Glenister

Insurer takes on pension liabilities from Interserve. 


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.

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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.

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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.

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SimplyBiz hires Aviva workplace benefits manager

18 August 2014 11:21 am | By Michael Glenister

Tom Nall joins as director of workplace solutions.


Pru in UK platform push

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.

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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.


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.


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.


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.


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.

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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.

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L&G quits the ABI

13 August 2014 8:43 am | By Paul Thomas

Insurer believes it can lobby more effectively on its own.

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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.

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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.


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.


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.


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.

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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.

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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.


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.

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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.

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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.

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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)


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.

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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.

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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.

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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.


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.

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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. 

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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)


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)

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