Legal & General is writing more equity release business than individual annuities after lifetime mortgage sales reached over £200m in the first half of the year. In an update published this morning, the insurer says new business sales in its retirement division covering lifetime mortgages, individual annuities and bulk annuities hit £4bn in total between […]
Old Mutual Wealth has moved to cap pension exit penalties ahead of the FCA’s March 2017 deadline. In May the regulator announced providers would have to cap exit penalties on pension policies at 1 per cent for customers attempting to use the pension freedoms. As recently as March the provider said it would apply a […]
Standard Life-owned consolidator 1825 has acquired Crewe-based advice firm Jones Sheridan for an undisclosed sum. Following the deal 1825 will establish a North West regional office with 30 employees including seven advisers and four paraplanners. Jones Sheridan managing director David Williams and chairman Stuart Banks will stay on, with Williams joining 1825’s executive committee. After […]
Quoting the famous adage, prevention is better than cure; there are many proactive benefits that can improve wellness in the workplace, decrease stress, increase staff morale and reduce absenteeism, as well as attracting and retaining employees of a higher standard. With a recent study showing that employees in Britain are working below peak productivity, preventative benefits can ensure you address potential health issues or causes of stress at their source and ensure productivity in the workplace remains at an optimum level. With this in mind, how are you using preventative benefits to help keep your workforce happy and healthy?
Since last year’s reforms to pension legislation, a significant number of retirees have chosen income drawdown over purchasing an annuity. Income drawdown is more flexible than an annuity. However, it also increases the likelihood that individuals won’t be able to maintain their income throughout their lifetime. In this short video, we explain the risks that […]
“It was the best of times, it was the worst of times.” As I ponder the developments in the platform market over the past year, I cannot help but think about the contrasting tranquil roads of Dickens’ London and the bloodstained streets of Paris at the height of the reign of terror. A similar contrast […]
Less than two in five advisers are confident in their ability to discuss crypto-assets with clients due to widespread scepticism of them, research suggests. A study commissioned by the global investment platform eToro surveyed the attitudes of more than 200 financial advisers towards crypto-assets. The study shows nearly three quarters, or 74 per cent, of […]
Pensions experts have expressed concerns over the future of long-term policy making as work and pensions secretary Esether McVey steps down from her position. McVey tendered her resignation letter this morning, claiming that the government’s draft Brexit deal would not respect the referendum result and was not something that she could vote for. Quilter head […]