Retirement

Insurer Prudential's UK life business has posted a 10% rise in operating profits as sales switched from annuities to income drawdown, its interim results have shown.

Hundreds of thousands of expats who raise an income in the UK could lose their right to use the personal allowance.

Former director of the Association of British Insurers (ABI) Maggie Craig has been appointed as the Financial Conduct Authority's (FCA) interim head of savings, investments and distribution.

The Personal Finance Society (PFS) has revived its joint scheme with Citizens Advice and plans to roll out pro bono advice across 100 of the organisation's branches with the "capacity to expand further".

Wealth manager Ashcourt Rowan has sold its remaining SIPP and SSAS business to Mattioli Woods.

How advisers would deliver the guidance guarantee

The majority of pension savers in defined contribution (DC) schemes are not satisfied with their plans, according to research.

Dentons Pension Management has acquired the self-invested personal pension (SIPP) book from MAB Pensions, part of the Michael Ambrose group, the Leicester based financial advice and pension administration providers for an undisclosed sum.

Just under 12m people in the UK are still not saving enough money to fund an adequate retirement income, according to research from the Department for Work and Pensions (DWP).

The Treasury expects to net an extra £3.9bn between 2015 and 2020 as a result of tax reforms designed to facilitate the Budget freedoms.