14:31 | 25 Jul 2008
| By
Maryrose Fison
The Financial Services Authority has unveiled the new services and costs disclosure document it wants advisers to use from next month in place of the initial disclosure and menu documents.
00:01 | 25 Jul 2008
| By
Richard Harris
An internal pricing and administration platform error caused pension and investment funds to be incorrectly priced, with a number of customers losing money as a result of the glitch.
16:14 | 24 Jul 2008
| By
Maryrose Fison
An amendment to the Pensions Bill will see around 450 casualties of pension wind-ups, who were previously exempt from support, now able to access aid from the Financial Assistance Scheme.
10:24 | 24 Jul 2008
| By
Maryrose Fison
Prudential is said to be close to a deal to buy around half of gambling group Rank's £700 million pension pot from Rothesay Life.
00:01 | 23 Jul 2008
| By
Richard Harris
The insurance industry must act to improve take-up of the open market option or face losing discretion on the ‘wake-up’ packs sent to savers approaching retirement, warns Nigel Callaghan of Hargreaves Lansdown.
00:01 | 23 Jul 2008
| By
Edward Lander
Old Mutual was forced to plough up to $70 million into capital reserves to cover unexpected costs across its US variable annuity product, according to credit analysts Fitch Ratings.
14:31 | 22 Jul 2008
Life and pensions provider Standard Life has unveiled a website to help financial planners understand the pension changes to come into force with personal accounts in 2012.
14:08 | 22 Jul 2008
Personal accounts could carry a 0.8 per cent annual management charge if a comparison with New Zealand’s auto-enrolment pension scheme – the Kiwisaver pension – is accurate, according to Standard Life.
11:31 | 21 Jul 2008
| By
Edward Lander
The Parliamentary ombudsman made a number of recommendations following the investigaton into the demise of Equitable Life.
11:16 | 21 Jul 2008
| By
Edward Lander, Michelle McGagh
The demise of Equitable Life was a shock for its sales force even if it freed some to become financial advisers and planners.
11:04 | 21 Jul 2008
| By
Gavin Lumsden, Edward Lander
The Financial Services Authority under former chairman Howard Davies consistently misled the public about the true financial position of Equitable Life in the crisis years of 2000 and 2001, the Parliamentary Ombudsman has said.
17:01 | 17 Jul 2008
| By
Edward Lander
(Update clarifies increase) Personal account set up costs millions higher than estimates for preivious years, Personal Accounts Delivery Board chief executive Tim Jones has revealed.
09:30 | 17 Jul 2008
| By
Edward Lander
Steve Lowe has become the latest in a line of high profile Prudential staff to leave the life company for another provider.
00:01 | 17 Jul 2008
| By
Edward Lander
Financial planner Paul Fife and annuities expert Billy Burrows have collaborated to launch a website aimed at helping IFAs tackle the at retirement advice process.
00:01 | 17 Jul 2008
| By
Edward Lander
Making it easy for clients to transfer their pensions abroad has become more complicated with legal threats against the government, but advisers say challenges in the end could help make policy clearer.
00:01 | 17 Jul 2008
| By
Nicholas Paler
The credit crunch has punished the banking sector and consumers alike but Aegon’s pension funds have transformed their relative performance by fleeing the worst exposed sectors in time.
09:30 | 16 Jul 2008
| By
Edward Lander
‘Third way’ annuity provider The Hartford has countered a recent claim by Fidelity that the cost of income guarantees on such policies are not worthwhile.
17:31 | 15 Jul 2008
| By
Colin McClelland
The majority of respondents to a consultation period were in favour of either an annual management charge-only structure, or that plus a contribution charge.
10:23 | 14 Jul 2008
| By
Michelle McGagh
Stewart Ritchie is retiring as director of pension development at Aegon after 36 years with the company.
09:30 | 10 Jul 2008
| By
Richard Harris
But many will need to develop their retirement planning skills as individuals assume greater responsibility for saving, according to the 2008 Scottish Widows UK Pensions Report
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