The removal of restrictions on protected rights brings both increased flexibility and risk to the annuity advice market.
Advisers are "significantly undervaluing" the work they do for clients when working out their charging structures post-RDR, according to Prudential.
High net worth clients on the hunt for tax efficient savings vehicles following the Budget clampdown on maximum investment plans (MIPs) are likely to turn to enterprise investment schemes (EIS) and venture capital trusts (VCTs), the Prudential has predicted....
Advisers will develop their own ‘virtual' platforms to avoid losing margins along the distribution chain to life companies and other parties, Prudential UK's Barry O'Dwyer has predicted.
Prudential has been forced on the defensive over an e-mail sent to thousands of staff in which a senior executive appears to make a series of disparaging remarks about FSA policies.
Insurance giant Prudential saw profits climb marginally to £723m last year.
Nearly half (49%) of people retiring this year are confident they will be able to afford to leave an inheritance despite on-going financial pressure, according to a survey from Prudential.