News

A fifth of people approaching retirement will suffer large income falls and should expect to have to rely on savings and inheritances when they stop working, a report has found.

The Prudential Regulation Authority (PRA) will wield a veto power over proposed terminal or annual bonuses for with-profits policies, under the new regime.

Axa has finalised its adviser charging structure on the Elevate platform, with five different ways to charge clients, including an ad hoc payment option.

The senior regulator who will be in charge of supervising banks has warned that institutions will still be allowed to fail, despite more rigorous oversight of the businesses under the new regime.

Barclays has launched Retail Distribution Review (RDR)-ready share classes on its active and passive funds and discretionary offerings.

Almost two-thirds of UK-based advisers say it will not be profitable to advise clients with less than £50,000 after the Retail Distribution Review (RDR), according to research.

Insurer Aviva has announced its gender-day (G-Day) pipeline strategy, including I-E tax change details.

Consumers will go on spending more money on non-essentials if inflation continues to drop, a senior economist has said.

Advisers must not lose sight of their clients' needs in the run-up to the Retail Distribution Review (RDR), AXA Wealth has said.

AJ Bell has outlined its plan to overhaul the income drawdown regime to make it fairer for consumers.