Retirement

Royal London's Ascentric wrap platform has achieved a third quarter of record net new business, with £1.25bn of new assets for the year to date.

Legal & General (L&G) has reported that its investment arm, LGIM, has taken in gross inflows of £15.4bn in the third quarter of the year,an increase of 71% on last year.

Legal and General (L&G) workplace savings managing director Tony Filbin is due to retire and concentrate on his independent roles and governance, a spokesman has confirmed.

The government's move to cap pension charges ignores annuity contract 'cowboys' who are ripping off retirees, the Telegraph claims.

Up to 90,000 employers would be forced to review their defined contribution (DC) schemes if a charge cap was introduced, according to a government paper.

Women are twice as likely as men to be unsure what their main source of income will be in retirement, according to research from Prudential.

Large employers have criticised the government, pensions industry and payroll providers for the level of support available in setting up auto-enrolment (AE).

The number of suspicious pension transfer requests with suspected links to liberation fraud is spiralling and the government must act decisively on the issue, Aviva has said.

More than half of couples over the age of 40 are at risk of leaving one partner penniless in retirement in the event that the other one dies because they have failed to sort their financial affairs.

The latest digital edition of Retirement Planner is now available to read online.