News

Providers must consider having a default option for retirees entering decumulation, according to speakers at a National Association of Pension Funds (NAPF) seminar.

National IFA Positive Solutions has seen its adviser numbers tumble 64% in the last five years, though the level of departures seems to have stabilised.

Quarterly and annualised UK growth figures for Q4 2014 have narrowly missed expectations after the construction sector underwhelmed at the end of the year.

The Money Advice Service (MAS)'s retirement advice directory, put in place to support the incoming pension freedoms, has opened for adviser registration.

The Association of British Insurers (ABI) has appointed Yvonne Braun to head up the trade body's long term savings policy, which will include how the industry deals with the incoming pension reforms.

The Financial Services Compensation Scheme (FSCS) has declared one former network and nine other advice firms in default.

Pension scheme members are three times more likely to be approached about accessing their pots since the Budget freedoms were announced, according to research.

Assets in Hargreaves Lansdown's multi-manager range have moved closer to the £5bn mark after the company raised £162m for its HL Multi-Manager UK Growth fund, which launched on 23 January.

The proliferation and popularity of exchange traded funds (ETFs) is set to continue, with asset growth forecast to reach $50trn by 2020, a report suggests.

Complaints about pensions dealt with by the Financial Ombudsman Service (FOS) have fallen markedly year on year, figures show, with the impending changes to legislation cited as a possible explanation for the drop.