FSCS says there is a “medium risk” that life and pensions advisers could be hit with an interim levy due to increased Sipp claims.
Insurer to develop a range of Isas as part of £100m plans to diversify away from annuities.
Chief executive Phil Loney puts true cost of charge cap at £1bn.
Tom Nall joins as director of workplace solutions.
Insurer to develop a platform and a range of Isas as part of £100m plans to diversify away from annuities.
Consumer group says 24 per cent have no savings at all, putting them at financial risk.
Alternative inflation measure could be brought back pending review this year.
The insurer says the deal will further diversify its investment portfolio.
Auto-enrolment charge cap expected to cost firm between £20m and £25m a year.
Annuity provider saw profits rise 66 per cent year-on-year in the first half of the year.
New referral service with ten different providers introduced.
Insurer believes it can lobby more effectively on its own.
62 per cent of schemes say they plan to offer extra support for members.
Government says regulatory oversight necessary because rules allow reduced capital for any liability.
UK profits up 10 per cent on 2013 as income drawdown sales rise by 95 per cent.
Former Association of British Insurers director Maggie Craig has been named interim head of department for savings, investments and distribution at the FCA.
Wealth manager to sell Sipp and SSAS book for consideration of up to £355,000.
AJ Bell chief executive Andy Bell says Govt should go further than current proposals to simplify drawdown.
Dentons says the purchase has “no adverse implications” for capital position under cap ad new rules.
But new research from Suffolk Life suggests the regulator’s apparent U-turn on UK commercial property may not be all it seems.
Research says more needs to be done to encourage earning between age 50 and state pension age.
HMRC could be forced to cut the annual allowance to £10,000 for people who buy an annuity.
HMT to net £3.8bn in income tax over five years.
Sales boost attributed to growth in corporate benefits.
An opportunity for advisers could yet lead to frustration for clients set on a DB transfer.
The firm has made a £150m provision to cover the expected impact of the Government’s 0.75 per cent charge cap.
Provider reveals approach to implementing auto-enrolment charge cap.
Experts warn the draft Taxation of Pensions Bill published today keeps recycling loophole open for those purchasing an annuity.
Regulator sets out proposals for value-for-money assessments of workplace schemes.
Hargreaves proposes keeping a portion of pension saving in cash as rainy-day fund.
Treasury to allow access to money held by pension scheme without moving into drawdown or annuity purchase.
Network spend on past business reviews totals £4m to date.
Friends Life group chief executive Andy Briggs says the company plans to boost its direct-to-consumer proposition following the Budget announcement.
Firm elso eyeing equity release launch and will expand drawdown post-Budget
The payment of commission to advisers, along with active member discounts, will be banned for auto-enrolment from April 2016.
Towers Watson says 29 per cent drop in sales largely a result of Osborne’s pension revolution.
Budget reforms saw annuity profits fall 59 per cent.
Impact of capital reforms significantly reduced compared to 2012 estimate.
Review follows radical reforms announced in this year’s Budget.
The FCA has softened its proposed approach to increasing capital adequacy requirements for Sipp operators.