A secondary annuity market risks being “imbalanced and overly expensive”, a leading pensions body has told the Government.
Top executives at asset management firms should be among those forced to bear responsibility for misconduct and face fines and punishments under new rules, a major regulatory review has recommended.
Pensions firm LV= has announced it will lift the restrictions on its flexi access drawdown product, following criticism of providers by Dr Ros Altmann, the new Pensions Minister.
Financial advisers have said that self-select websites and direct investment platforms are the biggest threats to their businesses.
The appetite for professional advice on charitable giving is growing, according to a report released by the Charities Aid Foundation.
A Cabinet Minister has thrown down the gauntlet to pension providers, telling them that they face being added to a list of shame if they fail to allow customers access to the pension freedoms.
Two Paraplanners have been added to the team of a wealth management firm.
Research carried out by a platinum IFP corporate member suggests the proportion of retirement funds to be taken as cash will on average only be marginally higher than the tax-free allowance.
Wrap platform Nucleus has reported that more than six in ten of its members are expecting their client numbers to rise this year.
The period of deflation experienced in the UK was halted last month, with CPI rising by 0.1% in the year to May 2015, official figures published this morning have shown.