Life insurer Friends Life has reported a "limited immediate Budget impact" on its retirement income business but said it expects annuity sales to drop by up to 70% in the medium term.
In its first quarter results out today the provider reported a new retirement business income of £15m, compared with £20m in March last year, saying this reflected "expected margin pressure". But the...
Went into administration April 2018
Threat of legal action looms over Woodford IM
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Retirement Planner Forum 2019