Standard Life

Eight product launches, tweaks and updates advisers should know about

Standard Life is urging advisers to review their clients' legacy personal pensions to avoid their beneficiaries being forced to buy an annuity when they inherit the pots and avoid potential future negligence claims.

Provider Standard Life has been dealing with unprecedented levels of client contact since pensions freedom came into force on 6 April.

Provider Standard Life has called on the industry to come up with better processes to ensure non-advised income drawdown clients efficiently manage their retirement income.

Playing catch up to gain pension freedom

The number of platforms targeting advisory firms is likely to halve after 2017, according to Standard Life's David Tiller.

Countdown to 6 April: The line up in The Great Pension Reforms Race

Providers who have cut drawdown charges in the run-up to April 6 to "grab market share" will revisit their decisions in the months to come, suggested LV=.

Standard Life will scrap charges linked to its flexible drawdown product in readiness for pensions freedom from 6 April.

Standard Life has reported modest growth in its UK business for 2014, with profits before costs up nearly 6% during the year, driven by demand for the life company's auto-enrolment workplace pensions.