Pensions

Retirement Planner is hosting its third breakfast briefing on 26 March looking at the options and opportunities pensions freedom presents for advisers.

Aviva has said it expects its acquisition of rival Friends Life to generate extra revenue of £600m over the next two years, including and cost savings for the company of £225m.

Aegon has launched a dedicated website and interactive tool to assist advisers working with clients on pensions flexibility.

HSBC Global Asset Management has introduced a range of multi-asset retirement funds for the defined contribution (DC) pension marketplace.

All defined benefit (DB) pension transfers after 6 April will be regulated by the Financial Conduct Authority (FCA) to ensure mandatory advice has been taken and fully understood.

Consumer champion Which? was one of just two organisations told about the pension reforms before last year's Budget, the organisation's executive director has said.

Legal & General (L&G) has posted an operating profit growth of 10% for the last year following a strong performance of its retirement division.

Advisers should shy away from clients eager to cash in their pension pots and bear in mind annuities are "still key to the advice process" for pots worth £30,000 to £100,000, said 2plan chief executive Chris Smallwood.

Profits at Partnership Assurance dropped 51% to £64m in 2014 due to falling individual annuity sales in the wake of the Budget reforms, latest results show.

LV= has launched an online retirement modelling tool to help advisers select, explain and administer a blend of retirement options.