Legal & General has bought pension-pot tracing and consolidation business MyFutureNow and announced its intention to make it available to IFAs seeking to provide the service to their clients.
The pension and investment giant said the acquisition, which was for an undisclosed price, would also support its retail retirement and defined contribution businesses, enabling customers to track down...
For a long time, the road to retirement followed a familiar path. Individuals saved up for a pension during their working life in order to retire at a set age; usually around 65. This path has shifted, however.
Only one in ten opt for an annuity
Scheme pays or not scheme pays?
Third highest monthly figure since 1993
'Cannot normalise this level of loss'
There is no shortage of IFA firms looking to sell up, writes Daniel Baade. However, the big question is how to finance the acquisition of IFA or wealth management firms...
Supported over Christmas
Plus online scams