'Outsourcing model can drive performance'
Targets £30bn AUM in five years
Adviser charging for personal and group personal pensions can be applied general pensions advice, including annuity choice or drawdown, according to guidance from HM Revenue & Customs (HMRC).
Consultancy charging rules come into force at the end of this year. Jonathan Stapleton assesses the impact they will have on employers offering group personal pension schemes to their workforce.
Aegon has announced it will close its defined benefit (DB) pension scheme to future accrual for its employees from April 2013.
Aviva's UK life and pensions sales increased by 6% to £8.1m during the nine months to 30 September.
Scottish Life has been ordered by the Pensions Ombudsman (PO) to pay out £2,700 in compensation plus an adviser's fees after it badly administered a pension transfer.