Clive Cowdery’s Resolution has reportedly approached Prudential about a potential deal to buy its UK insurance business.
Intelligent Pensions has slammed the Government as well as the trustees of the RBS pension scheme for allowing Sir Fred Goodwin to walk away with a £16m pension pot despite his “abject failure”.
The FSA has floated the idea of introducing a form of product regulation into the market as a way of banning products that are deemed too risky.
The ABI is to extend its open market option annuity transfer initiative to switching between personal pensions, Sipps and income drawdown in an attempt to speed up transfer times in these areas.
Trevor Greetham, Head of Multi Asset In a marked contrast to the surge in risk sentiment that followed President Trump’s election in November, markets greeted Emmanuel Macron’s victory in the French presidential election with satisfaction and relief, rather than euphoria. After rallying strongly on opinion polls that accurately predicted the outcome, the euro held onto […]
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Royal London has defended moving its Ascentric platform to an “all-in” pricing structure earlier this year, saying the decision has paid off with a spike in Sipp accounts. In May, Ascentric moved to a single account charge, ditching trading fees and charges for Sipp and drawdown administration. However, portfolios under £1m are now charged at […]
Drawdown and individual pension sales at Royal London rose by more than 60 per cent in the first half of 2017, but the provider has hit out at the non-advised market for failing to protect customers. In its results this morning, Royal London said that it had seen a particular boost to individual pensions and […]
Pimco has followed in the footsteps of its US rivals Vanguard and JP Morgan Asset Management to announce it will absorb research costs under Mifid II. The California-headquartered bond manager would not comment on the hit to revenues, Financial News reports. JPMAM confirmed last week it would absorb the costs when the European regulation comes into place at the […]