News

Partnership profits drop 50% to £64m; announces £100m bond issue

Professional Adviser | 03 Mar 2015 | 07:54 | Income

Profits at Partnership Assurance dropped 51% to £64m in 2014 due to falling individual annuity sales in the wake of the Budget reforms, latest results show.

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National IFA 2plan won't offer small pot drawdown advice

Professional Adviser | 03 Mar 2015 | 08:15 | Income

Advisers should shy away from clients eager to cash in their pension pots and bear in mind annuities are “still key to the advice process” for pots worth £30,000 to £100,000, said 2plan chief executive Chris Smallwood.

Phoenix reviews unit-linked fund costs after being forced to refund ex-IFA

Professional Adviser | 03 Mar 2015 | 07:56 | With Profits

Phoenix Life is reviewing the charges on its Scottish Provident unit-linked funds after refunding a former financial adviser who realised he had been overcharged for years.

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