News

The Association of British Insurers (ABI) has launched a consultation on the transparency of annuity rates to ensure consumers approaching retirement get the best deal.

The government must do more to promote the benefits of the Retail Distribution Review (RDR) to consumers to help advisers stay in business, Tenet Group has said.

The well-off are receiving tax breaks on pension contributions worth on average 20 times those of ordinary workers, according to reports.

Lloyds' potential sale of its St James's Place (SJP) stake could be a landmark moment for the bank but the outlook for the wealth manager is less clear, according to investors and analysts.

OBAMA-DRAMA

Old Mutual said it is "progressing well" with plans to build Old Mutual Wealth into a leading wealth management business, but is taking further steps to address its cost base.

Five-and-a-half million people will opt out of receiving advice as a result of the Retail Distribution Review (RDR), presenting a "major" opportunity for providers to step in to service them, according to a report by Deloitte.

Adviser membership body, the IFA Centre, has launched a directory of its members which aims to help consumers find independent financial advisers across the UK.

The Information Commissioner's Office (ICO) has fined Prudential £50,000 for a "farcical" mix-up where two clients with identical names had their accounts merged.

Will the lower projection rates introduced by the FSA deter people from saving into personal pensions?