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Aviva in talks to buy £5bn Friends Life

21 November 2014 5:24 pm | By Samuel Dale

The deal would create the largest insurance and savings business in the UK.

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Why have internal annuity sales not fallen since the Budget?

21 November 2014 4:50 pm | By Tom Selby

The ABI says while external annuity sales have fallen as a result of the Budget, internal annuity sales remain at similar levels.

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Pensions regulator shuts down £134m liberation schemes

21 November 2014 2:29 pm | By Samuel Dale

Five pension schemes have been stopped receiving transfers after a High Court battle.

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Spending watchdog hammers Treasury for losing track of tax relief

21 November 2014 2:07 pm | By Samuel Dale

National Audit Office says the Treasury and HMRC are not monitoring the effectiveness of tax reliefs.

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Aviva: Drawdown 'unlikely to be appropriate' for pots below £30K

21 November 2014 9:49 am | By Samuel Dale

Aviva’s comments follow FCA evidence to parliament that drawdown pots below £50,000 are likely to be unsuitable.

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Advisers hit out at KRS 'free' non-advised annuity service claim

21 November 2014 9:30 am | By Samuel Dale

Key Retirement Solutions was still claiming its broking service is “free” a year after it made changes.

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Tug of war: FCA clashes with Treasury over sub-£50K drawdown concerns

21 November 2014 8:30 am | By Samuel Dale

FCA head of investment David Geale says drawdown is “unlikely to be suitable” for pots under £50,000.

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ABI unleashed: Trade body slams lower pensions charge cap as L&G exits

21 November 2014 8:30 am | By Samuel Dale

ABI lashes out at the “very late” DWP actions on auto-enrolment charges.

Comments (2)

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FCA chief operating officer quits to become TPR chief exec

20 November 2014 4:29 pm | By Samuel Dale

Lesley Titcomb was instrumental in driving through the mortgage market review.

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Advisers back Consumer Panel warning over 'nightmare' non-advised drawdown

20 November 2014 1:00 pm | By Samuel Dale

The Consumer Panel raised the alarm over non-advised drawdown in parliament last week.

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Industry blasts 'unfair' pension death tax reforms

20 November 2014 12:00 pm | By Tom Selby

Savers who have already started drawing down an inherited pension will not be able to benefit from Chancellor George Osborne’s ‘death tax’ reforms.

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Experts: Treasury warning won't deter pensions recycling

20 November 2014 | By Samuel Dale

Treasury financial secretary David Gauke says Government will take “further action” if losses mount

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Clamour grows for DWP to lower auto-enrol earnings trigger

19 November 2014 3:49 pm | By Samuel Dale

Industry unites with employees to demand change in Government consultation.

Comments (5)

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Treasury responds to concerns over 'harsh' Budget pension fines

19 November 2014 3:41 pm | By Tom Selby

Treasury hints at rethink over much-maligned Budget reporting system.

Comments (1)

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James Hay profits hit as interest income plummets £1m

19 November 2014 10:09 am | By Tom Selby

James Hay has cut its profit forecast for 2014 as pressure on margins and interest incomes weighs on the Sipp provider.

Comments (4)

David Gauke MP

Treasury dismisses Steve Webb plan to 'unwind' annuities

19 November 2014 8:39 am | By Samuel Dale

Conservatives and Lib Dems clash over unwinding existing annuity contracts.

Comments (16)

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Labour moves to tackle self-employed access to mortgages and pensions

19 November 2014 8:37 am | By Samuel Dale

Self-employed people are pulling out of pension saving and struggle to get mortgages.

Comments (5)

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Towergate reveals takeover approach

19 November 2014 8:34 am | By Tom Selby

Towergate Insurance has appointed Evercore and Rothschild as joint advisers after being approached about a possible takeover.

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Otto Thoresen quits ABI to become Nest chairman

18 November 2014 10:00 am | By Samuel Dale

ABI deputy director-general Huw Evans will succeed Otto Thoresen at the trade body.

Comments (1)

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Pru annuity sales slump cushioned by bond surge

18 November 2014 9:55 am | By Tom Selby

Prudential is the latest insurer to report plummeting annuity sales in the wake of the Budget.

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Savers face tax self-assessment headache under new pension freedoms

17 November 2014 2:15 pm | By Samuel Dale

MGM Advantage warns of “clear danger” of ill-informed decisions.

Comments (4)

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KRS removes 'free' non-advised annuity service claim

17 November 2014 10:15 am | By Samuel Dale

Key Retirement Solutions was still claiming its broking service is “free” a year after it made changes.

Comments (2)

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Steve Webb set for radio 'soapbox' tour as Govt scrambles to boost Budget awareness

17 November 2014 9:57 am | By Tom Selby

Pensions minister Steve Webb will this week begin a radio “soapbox” tour as the Government attempts to raise awareness of its radical reform programme.

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Pension ‘credit card’ set to launch next year

17 November 2014 8:46 am | By Tessa Norman

Fears cards could encourage consumers to spend pension pots too quickly. 

Comments (12)

Tom McPhail, Hargreaves Lansdown

Hargreaves blasts 'patronising' Consumer Panel over non-advised drawdown

14 November 2014 4:01 pm | By Samuel Dale

Consumer Panel member Teresa Fritz said non-advised drawdown is a “big area of concern”.

Comments (3)

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Fears grow over holiday pay ruling pensions impact

14 November 2014 11:00 am | By Sam Brodbeck

Variations in scheme rules could open the door to added pension costs.

Comments (1)

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Four in 10 advisers have concerns over profits

14 November 2014 8:39 am | By Samuel Dale

Aviva research shows growth in business for the over 55s following Budget reforms.

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Deal breaker: Pressure builds over pensions tax relief after Budget bombshell

14 November 2014 8:30 am | By Samuel Dale

Pressure for tax relief reform is building as new freedoms spark fresh debate.

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Cathy Jamieson MP

Labour calls for review of pension freedoms next year

13 November 2014 3:16 pm | By Samuel Dale

Labour wants the use of salary sacrifice to avoid tax to be examined.

Comments (15)

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Half of London retirees will turn pension into buy-to-let

13 November 2014 1:21 pm | By Samuel Dale

Nearly one in three Britons want to use their pension pot to buy rental property next year.

Comments (5)

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Advisers hit out at Now: Pensions over charges and Christmas blackout

13 November 2014 1:00 pm | By Sam Brodbeck

‘Blackout’ and new BACS penalty turn advisers off provider.

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Old Mutual: Blurred lines of advice holding back customer service

13 November 2014 10:33 am | By Tessa Norman

Customer service staff fearful of inadvertently giving advice, says Old Mutual Wealth. 

Comments (5)

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FCA: Drawdown 'unlikely to be suitable' for pots under £50K

13 November 2014 8:40 am | By Samuel Dale

FCA head of investment David Geale says he expects the drawdown market to see lower charges.

Comments (23)

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Can providers crack the low-cost advice problem?

13 November 2014 8:30 am | By Tessa Norman

Providers are developing low-cost advice solutions in partnership with advisers ahead of the Budget reforms next April, but experts warn on a return to “cosy relationships”.

Comments (1)

Out of context - Horses

Out of context: 'I thought they were talking about horses'

13 November 2014

“I attended a meeting recently where the guidance guarantee was referred to as the ‘GG’. I thought they were talking about horses.”

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Revealed: Savers face two week wait to access pension freedoms

12 November 2014 4:36 pm | By Samuel Dale

Providers hit out at suggestion the new freedoms will turn pension funds into bank accounts.

Comments (7)

David Gauke MP

Do Budget reforms leave Govt open to pension misselling claims?

12 November 2014 1:21 pm | By Samuel Dale

Labour MPs raises concerns about taxpayers paying out future compensation.

Comments (3)

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Consumer Panel raises alarm over non-advised drawdown sales

12 November 2014 11:58 am | By Samuel Dale

Consumer Panel turns its focus on to drawdown after hitting out at non-advised annuities.

Comments (14)

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Three-quarters of small firms want auto-enrolment support

12 November 2014 8:21 am | By Samuel Dale

Nest is launching a new tool for advisers to manage client business online.

Comments (6)

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Treasury threatens clampdown over pensions recycling abuse

11 November 2014 3:57 pm | By Tom Selby

The Treasury has threatened to clampdown on pensions recycling amid concerns the tax loophole could cost the Exchequer billions of pounds.

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