Retirement

The number of pension liberation complaints under investigation by the Pensions Ombudsman (PO) has risen to 41, IFAonline's sister title Professional Pension has revealed.

Annuity Direct is now under the ownership of Fidelity Worldwide Investment after the deal to buy the retirement specialist was approved by financial regulators.

Clients saving more for retirement will cause global assets under management to soar by 2020, PwC has predicted.

Aegon product director Colin Bell dissects Steve Webb's switchable annuities plan

A panel of pension experts has been appointed to carry out the audit of high cost and legacy defined contribution (DC) workplace schemes, prompted by last year's Office of Fair Trading (OFT) investigation.

There is a growing disparity between the risk attitudes advisers believe clients need to take to grow their money and those of clients, according to the results of a recent YouGov poll commissioned by AXA Life Invest.

Fidelity FundsNetwork has scrapped the additional charges on its pension offering, leaving a standard 0.25% platform fee and a £45 investor fee.

The transition management industry does not warrant large-scale Financial Conduct Authority (FCA) intervention despite State Street being fined almost £23m for overcharging clients.

Labour has vowed to push through a pension charge cap and make using an annuity broker mandatory should it win the next general election.

New initiatives around funding long-term care will likely benefit only high-net worth consumers, while less wealthy people will still end up selling their homes to fund care, Zurich has suggested.