News by: Alex Steger
Fund supermarkets have lost ground to their wrap rivals as their sales slumped in the immediate aftermath of the retail distribution review (RDR).
Enhanced annuity specialist Just Retirement has struck a single-tied deal with national advice firm Origen Financial Services and plans to launch a long-term care annuity in the next few months.
Treasury officials have admitted destroying a disk containing the names and addresses of 350,000 Equitable Life victims.
Aegon's Retirement Readiness Survey 2013 shows that only one in 10 of those asked has a written down plan in place for their retirement. Click through to see six charts on the state retirement readiness.
Cofunds director of marketing Verona Smith is to leave the company.
Troubled Co-op Bank may be facing a capital shortfall of £1.8 billion, nearly twice the size of previous estimates, according to analysts at Barclays.
IFA consolidator Bellpenny has acquired 1,700 clients with assets of £150 million from Price Bailey Financial Planning.
Aviva is set to follow rival insurer the Prudential and enter the UK’s rented housing market.
Skandia’s platform business has seen a 10% drop in inflows in the first quarter of 2013 due in part to the implementation of the retail distribution review.
The Financial Conduct Authority is swooping on the offices on the London offices of asset management firms as part of an investigation into fund mergers and pension fund provider switches, according to reports.
Pension trustees need to ensure that recovery plans for defined benefit schemes running at a deficit are not detrimental to employers, according to The Pensions Regulator.
Investors have warned Aviva that they will be keeping an eye on the size of the severance package awarded to executive director Trevor Matthews, who will step down from the insurer's board tomorrow.
Santander is close to selling a stake in its £135 billion fund management business to two American private equity firms, according to reports
Supermarket giant Sainsbury’s is on the verge of buying out Lloyds Banking Group’s 50% stake in its financial services arm Sainsbury’s Bank.
National advice group and consolidator Perspective has increased recurring revenue by 11% to £2.9 million for the first three months of 2013, compared to the same time last year.
The government has moved to shut a loophole which allows overseas widows and widowers of UK citizens to claim their dead spouses’ state pension.
AXA Wealth has seen sales increase by 79% in the first three months of 2013, compared to the same time in 2012, which the company attributed to its early move towards the retail distribution review and adoption of adviser charging.
National advice firm RSM Tenon has received a £5.5 million boost after winning a legal battle against its professional indemnity insurer over redress paid to clients who were mis-sold Lehman-backed structured products.
Legal & General’s workplace pension sales more than doubled off the back of auto-enrolment for the first three months of 2013.
Discretionary and financial planning firm Ashcourt Rowan has seen revenues for the year ending 31 March 2013 drop below those of the previous 12 months as manager exits and an ongoing restructure impact the business.