Scottish Widows is to move its pension customers en masse to a new default fund that assumes they will go into drawdown or remain invested into retirement. The provider says just a quarter of its customers have purchased annuities since the pension freedoms came into force, rendering its default lifestyle strategy out of step with […]
The number of FCA enforcement cases contested by firms has increased by 80 per cent in one year, data shows. FCA figures show 17 more cases were referred to the regulatory decisions committee last year, bringing the total number to 38 for 2015, the Financial Times reports. The committee is part of the FCA’s independent […]
Royal London has pulled out of a bid for Axa Wealth’s protection business SunLife, Money Marketing can reveal. In February the mutual entered second round talks to buy the over-50s cover business from the insurer – which is splitting up its UK life operations – but it is understood the firm has walked away from […]
The FCA is under fire after a series of publications perceived as lightweight has left the industry guessing what action has been taken behind the scenes. Following its report on due diligence report in February, commentators expressed surprise at the brevity of the six-page document and called for the regulator to be clearer about the consequences for […]
The manager of the Artemis Income Fund talks about where – and how – he has found his “two or three” good ideas in 2015, and gives his outlook for dividends in the future.
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