The Association of British Insurers says pension providers need to speed up transfer times for customers taking out annuities to avoid being hit by extra regulation.At a recent Prudential annuity round table, the ABI warned that if providers do not improve their service levels for annuity customers the FSA will impose regulation on the industry […]
Hornbuckle Mitchell is offering a drawdown product which allows retirees to move into a scheme pension.The flexible income pension plan gives investors the ability to switch to more suitable options as their circumstances change.The Fipp is structured to allow a combination of tax-free cash withdrawal and income drawdown as well as the ability to move […]
Personal Touch Financial Services has done a deal with Abbey which provide its members with direct access to the lender through ‘Toolbox’, its back office system.One of the key benefits that intermediaries using the system will experience is avoiding re-keying data from a local IT system to a lenders system.Brokers using the Toolbox system will […]
John Hailer, CEO of Natixis Global Asset Management, says the company is focused on the UK, which it sees as being one of the world’s largest wealth markets with an unrivalled understanding of investments and funds.
The government will not rush into a “single saving intervention” for self-employed workers because such a move could be counter-productive, Pensions minister Guy Opperman says. In a letter to work and pensions select committee chairman and MP Frank Field, Opperman says testing and understanding what works is critical to any good intervention. Opperman was responding […]
St James’s Place is positive about the growth of its 250-strong academy despite reporting a loss in its advice arm for 2017 earlier this month. The restricted advice giant posted a loss of £35.4m for 2017, an increase on the £24.8m loss in 2016. A breakdown of SJP trainees provided to Money Marketing by the […]