Pensions

The asset management industry must regain consumers' trust and boost pension saving or risk a financial crisis even worse than the 2008 crash, the Investment Management Association (IMA) has said.

Members of life and pensions mutual Royal London have agreed to proposals to acquire the life insurance and asset management businesses of the Co-operative Banking Group.

RETIREMENT

Too much attention is being paid to industry dinosaurs who are dragging their heels on auto-enrolment and not enough to those embracing the opportunity to make it work, according to a pension expert.

The pensions industry must prove to government that it is "part of the solution to the pensions issue and not the problem," the director of life, pensions and savings for the Association of British Insurers (ABI) has said.

The move to ban consultancy charging is "less dramatic than it sounds" as most of the charges that can end up with the employer's adviser remain unaffected, according to a consultant.

Standard Life has confirmed that Ann Flynn, head of the workplace distribution proposition at the company, has resigned.

Aegon has launched a selection of auto-enrolment investment funds suitable for use as the default option for employers.

Self Invested Person Pensions (SIPP) provider, James Hay Partnership, has seen a drop in profits of 6% year on year, according to its parent company IFG, which released full year 2012 results today.

Longevity think tank, the International Longevity Centre-UK (ILC-UK), has set up a network that aims to help ensure people are given regulated advice around long term care (LTC).