Mutual Scottish Friendly has completed the acquisition of a back book of life and pension policies from financial services provider Canada Life.
The deal has seen its assets under management (AUM) increase by £2.4bn to more than £5bn. Its membership has increased by some 127,000. Scottish Friendly said it would ensure all transferring customer...
£800,000 annual fee income
Only one in ten opt for an annuity
Private equity-backed business
The Department for Work and Pensions (DWP) will ban the charging of flat fees on auto-enrolment (AE) pots valued at or below £100 and launch work on how to standardise cost and charges reporting.
‘Dramatic’ drop due to pandemic’s economic impact
Reasons to be optimistic in 2021
The Financial Conduct Authority (FCA) has published a defined benefit (DB) transfer tool which it said should help firms understand its file review methodology for DB transfer advice. But what exactly is it and why should advisers care?
131 firms have authorisations revoked