News

Retirement Planner's round up of the top pension stories this week.

In this week's quick fire poll we ask: Advisers are concerned that some pension providers are automatically placing drawdown investors (who used to withdraw the previous maximum of 100%) on 120% GAD. Should providers take this approach?

A Warwickshire mortgage adviser, working under the company name Roche Commercial, has been jailed for 18-months for stealing thousands of pounds from clients.

Equity funds saw their highest net retail sales for nearly two years in February, the Investment Management Association (IMA) said today, with net inflows of nearly £1bn.

The government's U-turn of income drawdown transfer rules will be a ‘damp squib' warns Skandia.

Axa is reviewing the viability of maintaining its defined benefit (DB) scheme due to an increasing deficit and the additional costs associated with the end of contracting out.

The withdrawal of lenders offering interest-only may limit consumer choice, said the incoming CEO of the twin-peaked Financial Conduct Authority, which took over from the FSA yesterday.

Tidjane Thiam, chief executive of Prudential, is in line for a £7m share jackpot despite receiving a personal rebuke last week from City regulators.

Morningstar has voiced concerns about the lack of succession planning in the funds industry and the reluctance of groups to hand over large pots of money to young talent.

David Nish, the chief executive of Standard Life, saw his remuneration hit £5m last year, up from about £2.5m in 2011.