News

Phoenix Life is reviewing the pricing of the majority of its pension funds after a rounding anomaly in some of its life products was pointed out by a retired IFA.

The second-hand annuity market may fail to develop and even if it does many people will struggle to make well-informed decisions, think thank the Institute for Fiscal Studies (IFS) suggests.

IFA consolidation business AFH has bought Clarendon Financial Solutions for £461,000.

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.

Friends Life will refer new clients who seek retirement advice to national advice firm Foster Denovo under a new deal agreed between the two firms.

Chartered IFA firm Almary Green has bought out Jones Financial Planning for an undisclosed sum.

Trail commission is still important to the income of almost all advisers, according to research by software provider Intelliflo, despite the looming deadline that will see the payment method switched off for many of their clients.

A capacity crunch among providers trying to process requests to access to their pension pots is the biggest threat to the pension freedoms in the short term and risks creating disillusionment among consumers, The Pension Advisory Service (TPAS) chief...

MGM Advantage is to offer retirees a selection of guarantee options on their annuity contracts.

Alliance Trust's own corporate broker has admitted recent criticisms of the company have landed some "heavy blows" and has suggested a formal review of its business model.