Standard Life has offloaded its 20% stake in advice firm RSM Bentley Jennison.
Standard Life agreed to sell the only stake it held in an IFA business because it wanted to put "clear blue water" between itself and independent advice models, distribution director Stephen Ingledew says.
Openwork has acquired 2plan Wealth Management for an undisclosed sum as the multi-tie network moves to develop a stronger proposition to whole of market advisers.
Standard Life head of trading Mark Polson is leaving the company.
David Nish, Standard Life's new CEO, says he is keen to explore other sales avenues outside the financial advisory route including direct to consumer and employer-based.
Standard Life today says it expects a net headcount reduction of some 500 employees over the next 15 months as it rolls out the second phase of its group restructure.
Leading UK statisticians are questioning government plans to link the state pension and other key benefits to the consumer prices index (CPI).
David Ferguson, CEO of Nucleus, looks at the pros and cons of guided architecture
The recent announcement that pension increases will be linked to CPI rather than RPI could leave future pensioners out of pocket. Helen Morrissey looks at whether this will be the case and asks how the change needs to be managed
Andrew Tully warns about the potential pension issues that arise when a client retires abroad