Retirement | 24 Feb 17
Drawdown beats annuities but pension cash is king
More than half of UK pension pots accessed for the first time were withdrawn entirely as cash lump sums in Q3 2016. Drawdown proved twice as popular as annuities but a fall in the number of people seeking advice before making pension decisions has some in the industry concerned.
Retirement | 23 Feb 17
UK’s Prudential to enter DB transfer advice market
UK insurance giant Prudential said it will begin offering clients advice on the increasingly contentious area of defined benefit (DB) pension transfers.
Axa reports record revenues as CEO rules out Generali bid
French insurer Axa said revenues crossed the €100bn (£84bn, $105bn) mark for the first time in the company’s history as chief executive Thomas Buberl distanced himself from a bid for Generali’s German life insurance business.
Adviser network Nexus Global expands to Latin America
European IFA network Nexus Global (NXG) has expanded to Latin America with the addition of EBG International, a Chile-based advice firm that focuses on the financial planning needs of international executives across the region.
United Kingdom | 23 Feb 17
Product providers must crackdown on scams, urge advisers
Product providers and trust companies must take more care in ensuring unregulated funds don’t end up inside Rops and life company wrappers, Simon Gould, founder and director of Bristol-based Gould Financial Planning has urged.