Threadneedle has launched a Global Multi Asset Income fund, to be managed by Toby Nangle, as it seeks to provide an alternative vehicle for retirement assets.
Life and pensions underlying profits at Lloyds Banking Group were down 18% to £461m in the first half of the year, latest results show.
JO Hambro Capital Management is considering rolling out a multi-asset range as it looks to benefit from pension reforms, its chief executive has said.
The Financial Services Compensation Scheme (FSCS) said it expects the number of advisory businesses declared in default as a result of its investigations into self-invested personal pension (SIPP) advice to rise above the current four.
Annuity sales have dropped 43.8% year on year as retirees wait for pension freedoms to begin in April 2015, according to latest research.
The big three factors to consider when putting off an annuity purchase
Three quarters of advisers say clients are considering blended pension solutions as a result of the Budget retirement income reforms, according to a poll from LV=.
Annuities will continue to be a substantial part of the at-retirement market in ten years' time, albeit with a smaller market share, research by Towers Watson suggests.