Consumer complaints to the Financial Ombudsman Service(FOS) are still overwhelmingly linked to mis-sold payment protection insurance, with investment products sparking relatively few grievances.
The Prudential has written to 39,000 customers saying it valued their pensions incorrectly.
Third way annuities provider Sun Life Financial of Canada has announced it will close to new business in the UK from 3 December, with 100 job losses across the business.
Aegon will guarantee to increase the income base of customers invested in its unit-linked variable annuity product every year, regardless of the underlying investment performance, as the insurer makes a raft of changes to its Secure Lifetime Income (ASLI)...
Question: Unit Linked Guarantees are simply third way Annuities. How do ‘ULG's' really compare to general annuities and Income Drawdown?
The Financial Services Authority is proposing changes to its ‘permitted links' rules which will allow insurance companies to offer a wider range of investments, including access to property funds as an investment.