News

Insurer LV= has called for a levy to be put on transactions where a client purchases a retirement plan from their existing pensions provider.

Banker's Umbrella: A heartfelt defence of offshore banking

All defined benefit (DB) pension transfers after 6 April will be regulated by the Financial Conduct Authority (FCA) to ensure mandatory advice has been taken and fully understood.

The potential sales of Transact and Seven Investment Management (7IM), as well as increased scrutiny from the regulator, have prompted advisers to start probing platforms on their exit strategies.

Consumer champion Which? was one of just two organisations told about the pension reforms before last year's Budget, the organisation's executive director has said.

Legal & General (L&G) has posted an operating profit growth of 10% for the last year following a strong performance of its retirement division.

Non-executive director of the Financial Conduct Authority (FCA) David Harker has died aged 64 after a short illness.

The majority of advisers have turned clients away in the last year, mainly because they were concerned the advice was too expensive, research from the Association of Professional Financial Advisers (APFA) suggested.

The next government cannot afford to wait until 2017 to review minimum auto-enrolment contributions, according to pensions minister Steve Webb.

Platform technology provider FNZ is rolling out an alternative to traditional suitability tools to its platform and adviser clients, to help them assess consumers' broader understanding of financial services.