Zurich has withdrawn its £5.6bn bid for rival firm RSA group after suffering losses in its general insurance business.
Tax relief at the point of retirement saving is the most powerful way to get people to create a later life nest egg, according to Zurich, making it the latest provider to come out against the government's plans to treat pensions like ISAs.
Zurich is planning to launch a drawdown product that allows clients to convert assets into an income for life at a chosen point in retirement.
Insurance giant Zurich has revived its attempt to acquire rival business RSA with a new proposed cash offer of 550p per share, valuing the company at about £5.6bn.
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Financial services lobby group TISA has vowed to bring clarity to what the incoming European legislation Markets in Financial Instruments Directive (MiFID II) will mean for advisers and providers.
George Osborne’s call for radical thinking on pensions tax relief could solve the problem “once and for all” but there are huge policy issues to overcome, industry experts have said.
Provider Zurich is reviewing whether to allow legacy retail clients access to its flexible drawdown product on a non-advised basis, in an effort to streamline pension freedom.
Auto-enrolment savers are underfunding their pension pots due to a “false sense of security” that minimum contributions are good enough, Zurich’s Alistair Wilson has warned.
Zurich UK Life has poached Cofunds key account manager Rose St Louis to head its new retail distribution team.
A "combination of politics and pensions" contributed to slower sales across platforms in the first three months of the year, with the year-on-year (YOY) asset growth rate also receding, according to research.
Advisers could be forced to collect and share client information on non-advised business with providers under new rules mooted by the Financial Conduct Authority (FCA).
Insurer Zurich is to pass its £1.2bn legacy annuities business covering 28,000 clients to specialist Rothesay Life.
Most people are unlikely to spend less of - or save more into - their pension as a direct result of the removal of the "punitive" 55% ‘death tax' earlier this month, according to research.
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The £1.25m lifetime cap on tax free pension savings will affect workers who retire on anything from £20,000 a year, meaning those who start to save early could face tax charges of 55% when they retire, according to new research.
Carbon Financial Partners took home the inaugural Adviser Firm of the Year (UK) trophy at the 2015 Professional Adviser Awards, which recognises excellence across adviser firms, providers, platforms and asset managers.
Zurich UK Life has reported operating profits of £115m in 2014, up 6% on the previous 12 months.
The partners of Seven Investment Management (7IM) are considering selling the business, according to reports.
Zurich Life chief executive Gary Shaughnessy has joined the board of the Personal Finance Society (PFS) as an adviser.
Zurich has launched a flexible group income protection (IP) proposition aimed at businesses with at least 250 employees.
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Zurich has expanded its platform offering to include a discretionary fund management service for the first time.