Prudential

Prudential chief executive Tidjane Thiam received £8.7m in pay and perks last year, amid accusations that the life and pensions sector fails to treat customers fairly.

Profits at Prudential UK fell flat last year, barely upticking from the year before, as the rush to sell onshore investment bonds subsided following the introduction of the Retail Distribution Review (RDR).

M&G has reported net outflows of £700m from its UK retail business for 2013 after slowing flows into some of its most popular funds.

Prudential UK has struck a deal with technology provider IRESS to use its XPlan wealth management platform for its 300-adviser restricted advice proposition.

Income drawdown is growing in popularity. Vince Smith-Hughes looks at the process advisers should adopt when advising in this area.

Adviser charging: How has it affected advisory firms and what is fair for clients, Fiona Murphy asks.

A quarter of the people scheduled to retire this year are not ready to stop working, while one in eight have already delayed their retirement, research suggests.

INDUCEMENTS

Fines levied by the regulator against the financial services industry soared by almost 50% this year, as the tougher stance of the new Financial Conduct Authority (FCA) left its mark.

Prudential has reached five of the six objectives it had set itself for 2013 and is on course to reach its final aim of doubling the 2009 Asia new business profits by the end of the year, Tidjane Thiam said today.