Advisers must explain how ‘mortality drag’ means funds in drawdown must produce increasingly higher returns to match an annuity, a report claims. The paper, written by Retirement Intelligence director Billy Burrows for Partnership, warns that the “invisible force” of mortality drag means drawdown becomes less attractive relative to an annuity as a customer ages. Mortality […]
Offences relate to trading in shares of IT firm Logica.
An error by the Bank of England overstated the amount of government bonds it sold by £13.4bn. A notice of error was posted on the bank’s website explaining that a clerical error led to it stating that £28.2bn of British government bonds had been bought by foreign buyers in February when the actual figure was […]
Figures were boosted elsewhere in the business, particularly with a 17 per cent increase in assets at LGIM.
Steve Webb, Director of Policy and External Communications, Royal London New analysis by mutual insurer Royal London has found that over three million people working for larger employers are failing to take up around £2bn a year which their employers have offered to contribute to their workplace pension schemes. In many workplaces, workers pay a […]
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