Friends Life

The government must make an "urgent decision" on the specifics of the guidance guarantee to ensure the April 2015 deadline is met, Friends Life has said.

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 this week's Retirement Planner news round-up we highlight five key stories you might have missed over the past seven days.

Provider Friends Life has scrapped active member discounts (AMD) on all its pension schemes, giving schemes the chance to move to a single charge at the current member rate.

A total of 67 of Sesame's near 2,200 member firms have decided to leave the network following its decision to operate as a restricted advice business, group chairman John Cowan has said.

Friends Life is to pull a further £15bn of assets from F&C Asset Management by the end of the year, as it awards several mandates to a new investment manager.

Clive Cowdery, founder of The Resolution Group, and John Tiner, its CEO, have announced they will not stand for re-election as non-executive directors of the group at May's annual general meeting.

Will Old Mutual Wealth have any use for the independent advisers it has acquired as part of its deal to buy Intrinsic?

Friends Life has launched a ‘master trust' to help employers offer a pension scheme which has the governance of an independent trust-based arrangement.

Friends Life has launched an annuity underwritten on savers' lifestyles, rather than specific medical conditions, in a bid to compete on the open market.