Phoenix Life & Pensions

Phoenix Life has been ordered to pay an adviser redress after the Financial Ombudsman Service (FOS) found it had not responded quickly enough to his complaint.

Life fund consolidator Phoenix Life has widened its partnership with Just Retirement to allow clients access to the government's new pension freedoms and simplified advice.

Phoenix Life is reviewing the pricing of the majority of its pension funds after a rounding anomaly in some of its life products was pointed out by a retired IFA.

Phoenix Life is reviewing the charges on its Scottish Provident unit-linked funds after refunding a former financial adviser who realised he had been overcharged for years.

...clients will call you about this week

Phoenix Life is deliberately withholding accurate performance data on the £37bn of with-profits bonds it manages in order to keep investors from exiting the "dreadful" investments in droves, according to a damning report by an IFA.

Fraudsters targeting retirement pots through liberation or bogus transfers will take advantage of pensions freedom to target an even greater number of savers, Phoenix has warned.

Operating profits at Phoenix Group increased to £266m in the first half of the year compared to £186m for the same period in 2013, latest results show.

Closed life consolidator Phoenix has comprehensively refinanced its debt to strengthen its balance sheet and better support its growth plans.

Have you missed this week's pensions news? Here's Retirement Planner's round-up of the top five stories this week.