News

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

Standard Life is to press fund managers to launch cheaper share classes for large platforms, after HM Revenue & Customs (HMRC) said it would apply income tax to unit and cash rebates.

Dentons Pension Management has acquired RSM Tenon's bespoke self-invested personal pension (SIPP) arm Tenon Pension Trustees for an undisclosed sum.

Tyneside-based advisory firm, Moneygate, has acquired a 'significant' stake in wealth management firm Spence and Spence.

Longevity think tank, the International Longevity Centre-UK (ILC-UK), has set up a network that aims to help ensure people are given regulated advice around long term care (LTC).

Schroders is considering having two flagship UK equity funds running alongside each other once its £424m acquisition of Cazenove Capital is complete.

Pensioners risk losing thousands of pounds in retirement income by delaying their annuity purchase, a provider has warned.

Friends Life is forecasting a total cost of £280m for its business restructure and outsourcing programme, latest results show.

Legal & General has acquired the remaining 75% of Cofunds it does not currently own, in a deal worth £131m.

The UK's five major banks could see their profits take a significant hit in 2012 as regulatory pressures and a series of recent scandals take their toll, according to KPMG.