Royal London has sold the client bank of its old direct to consumer (D2C) fund platform, Fundsdirect, to online direct investment firm Strawberry Invest.
Royal London is to heighten warnings it gives to pensions freedom retirees looking to encash their pots as hundreds of savers withdraw cash with the intention of keeping it in bank accounts.
Saving levels could fall significantly if the government implements a tax change to pensions which would see them treated like ISAs, the chief executive of provider Royal London has warned.
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Former pensions minister Steve Webb is on the verge of joining Royal London, a company which last year criticised his charge cap policy as “headline-grabbing”, according to reports.
Royal London has reported a stark mix of success and disappointment in its first quarter results, with massive outflows from its investment business and soaring sales of its pension products.
With weeks to go until the curtain's raised on the greatest pensions event the UK has seen*, concerns have been raised about provider preparedness for the reforms. So, we asked them: will you be ready by 6 April?
George Osborne’s pensions freedom package, due to come into force in April, is at risk of becoming an “infamous example of political bungling” unless advice concerns are addressed, Phil Loney has said.
Ascentric managing director Hugo Thorman is to leave the firm this summer following Royal London's buyout of the platform's minority shareholding in the business.
Politicians have painted annuities as ‘toxic products’ but guaranteed income is the bedrock of retirement for the majority. Providers are betting on simplified advice to square the circle, writes Jenna Towler
A workable and affordable simplified advice framework must urgently be established to ensure ‘ordinary savers’ properly benefit from next year’s pension freedoms, delegates heard.
Life, pensions and investment company Royal London is seeking to provide its non-advised retirees with access to independent advice "at low cost" in the wake of the Budget pension freedoms.
Royal London has reported a 45% slump in pre-tax profit in H1, pointing to regulatory charges as a key contributor, while its wrap platform Ascentric saw new business slide 20%.
Jon Taylor, head of the former Co-op life insurance business, is to replace Hugo Thorman as managing director of platform Ascentric.
Royal London has said it will continue to pay adviser commission on its workplace pension schemes - currently branded Scottish Life - until 2016.
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