Retirement

Can it be funded by pension savings?

Discretionary fund manager (DFM) Barnett Waddingham Investments, formerly part of the Barnett Waddingham group, has de-authorised seven months after being taken over by rival DFM Whitefoord, regulatory records show.

RP Poll: Should consumers share the cost of guidance?

Legal & General (L&G) is splitting its savings business in two and restructuring other parts of its L&G Assurance Society (LGAS) division ahead of the departure of the arm's chief executive John Pollock next May.

Catch up: Five retirement stories you might have missed

Consumers should pay a share of the cost of the guidance guarantee, or they will fail to value the service, an adviser has argued.

The Financial Conduct Authority (FCA) is to look into the non-advised sale of income drawdown products amid concerns consumers could be left vulnerable in the new pensions environment.

The Association of Professional Financial Advisers (APFA) has welcomed new proposals to fund the guidance guarantee set out by the regulator today, saying it could save the advice industry £2m-£4m a year.

Provider Scottish Widows has announced a restructure of its pension and investment business, confirming the loss of 130 roles across the UK.

The Financial Conduct Authority (FCA) plans to cut the adviser guidance guarantee levy by 50% and has announced tougher standards on the bodies tasked with delivering guidance to the public.