Prudential

Prudential boss Tidjane Thiam is due to earn a pay package worth up to £5.2m this year as he spearheads the biggest takeover in the insurer's history, it has been revealed.

Many advisers have not been properly trained to use pension transfer tools, despite massive uptake in their use since an FSA review in 2008.

Almost a fifth (18%) of people retiring in 2010 expect to receive less than £10,000 a year from their pensions and investments, as expected incomes drop for the third year runnning, research suggests.

Each month we ask leading industry figures to answer one big question: Recent research by Towers Watson showed a 24% increase in sales of enhanced annuities in 2009. What are the key factors contributing to this rise?

Richard Leeson, head of UK business development at Prudential International, says high earners can use offshore bonds to sidestep the worst effects of the tax rate changes.

A think-tank has urged politicians not to change legislation to enable early access to pension pots.

The FTSE 100 opened higher Tuesday, tracking strength overnight on Wall Street, as Legal & General (L&G) beat profit forecasts and lifted its final dividend payout by a third.

Prudential chief executive Tidjane Thiam will not be joining SocGen as a non-executive director amid strong shareholder anger at the proposed move.

Pension transfer times have failed to improve, despite growing use of the ABI's Options initiative.

Western governments need to convince markets they have credible plans to reduce debt so that a much-feared double-dip recession does not materialise.