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Pru pulls plug on open market annuities business

Prudential will no longer sell through advisers annuities on the open market but will contine offering contracts to existing customers. The life company says the decision was made following the impact of the rapid decline in the size of the annuity market since the pension freedoms took effect. A Prudential spokesman says: “We can confirm […]

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Boulding: Expand Lifetime Isa to pay for weddings and child care

The Government should expand the scope of the new Lifetime Isa to allow early access for a bigger list of life events, according to Tisa policy strategy director Adrian Boulding. Speaking at Money Marketing Interactive’s ‘death of the pension’ session, Boulding said savers needed more short-term incentives to save. Under current proposals the Lifetime Isa […]

Simon Collins: The future of fintech regulation

There is no denying there are disrupters in town in the form of new financial technology firms and innovative service providers trying to reshape our traditional model. And it is not hard to see why. The financial crisis highlighted the deep levels of mistrust that had developed between bankers and the public, and the subsequent […]

Platforum head of intermediary research Miranda Seath

Platform focus: The critical difference for Zurich’s platform

This week we take a look at Zurich’s intermediary platform proposition, which the Swiss insurer launched in 2013. The platform has a mix of workplace and advised assets on it, with 89 per cent sitting in the pension wrapper. Assets under administration stood at £17.1bn in Q1, growing by 4.3 per cent quarter-on-quarter. The Zurich […]

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