Annuity specialist Retirement Advantage has been bought out by Canada Life for an undisclosed sum leaving just six active providers in the market.
Retirement Advantage, which also operates in the equity release market, has more than 30,000 customers and more than £2bn in assets under management. This includes a £1.5bn block of in-payment annuities....
‘A lot of work to do’
George Osborne's baby
Many retirees taking 8%
Show your workings
4% withdrawal rule of thumb
Standard Life Aberdeen's financial advice business 1825 has made changes to its leadership team that will see joint-leaders take charge of its financial planning and advice teams.
Entered administration in February
Occupational pensions schemes will be required to direct savers to take guidance on pension withdrawals under new provisions to boost engagement.
40% increase year-on-year