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Aegon still to move £8bn Nationwide assets off Cofunds

The £8bn of Nationwide assets managed by Cofunds are yet to be moved to the new Aegon platform. After acquiring Cofunds, Aegon confirmed it would continue managing assets from Nationwide’s online investment service. Nationwide has approximately £8bn of assets managed through Cofunds’ investor portfolio service, which Aegon inherited when it bought the platform in 2016. […]

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Tax paying pensioners nearly double in 25 years

The number of taxpaying pensioners has nearly doubled since the mid-1990s, a Freedom of Information Act request has revealed. An FOIA request to HM Revenue and Customs by Royal London shows the growing tax bills faced by pensioners in different parts of the country. Between the mid-1990s and the mid-2010s the number of taxpayers over […]

Billions in freedoms cash moved to bank accounts and Isas

Savers have cashed in billions from their pensions since the freedoms, but new research suggests many risk tax penalties or low rates by keeping the money in bank accounts or Isas. A study of 370 consumers who have accessed their pension since the pension freedoms started in 2015 shows that while nearly £3bn has been […]

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