Royal London

Ex-pensions minister sounds stern warning

Survey quizzed 300 advisers

Royal London blocked £9k pension pot transfer

The chief executive of life and investments provider Royal London has renewed his criticism of proposals to tax income saved into pensions like an ISA.

Mutual unveils 'ProfitShare' initiative

Prudential has topped the Financial Conduct Authority's (FCA) list of the most complained about pension firms, as the number of grievances raised about retirement products jumps 20%.

A change in the way the government collects tax on pension savings will not make people save more way for their retirement, according to the latest consumer research.

Royal London has sold the client bank of its old direct to consumer (D2C) fund platform, Fundsdirect, to online direct investment firm Strawberry Invest.

Royal London is to heighten warnings it gives to pensions freedom retirees looking to encash their pots as hundreds of savers withdraw cash with the intention of keeping it in bank accounts.

Saving levels could fall significantly if the government implements a tax change to pensions which would see them treated like ISAs, the chief executive of provider Royal London has warned.