Retirement

Aegon is preparing to sell off parts of its UK-based operations, Sky News reports.

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.

The Society of Later Life Advisers (SOLLA) has created an industry standard for retirement advisers.

Wealth manager Mattioli Woods has bought advice firm Taylor Patterson for £8.3m, adding a further £640m to its £5.4bn of client assets.

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Pensions minister and Conservative peer Ros Altmann has been expelled by the Labour Party after it emerged she had been a member for the past 18 months.

Introducing a long-stop to financial advice liability is the only way a properly functioning mass-market model can develop, MPs have been told.

Likening pensions to bank accounts is the "most irresponsible" thing anyone can say in relation to pensions freedom, the Association of British Insurers (ABI) director general told MPs.