Retirement | 18 Nov 16
UK savers over-50 reveal ‘bonkers’ use of pension freedoms
Almost a quarter of over-50s in the UK plan to cash in their pension even after withdrawing their 25% tax-free lump sum, accord to a survey by Retirement Advantage.
Investment | 18 Nov 16
FCA demands ‘all-in’ charge in active management crackdown
The FCA has criticised the “weak price competition” among asset managers, attacking actively managed funds for failing to outperform their benchmark once fees have been taken into account.
Ailo slams EU over Priips ‘quick fix’ approach
The trade body representing international life offices has blasted the European Commission’s (EC) handling of the controversial Priips regulation, delayed last week until January 2018.
Tax & Regulation | 17 Nov 16
Ex-Providence director in court over alleged sexual assault
Steve Dewsnip, one of the former directors of the collapsed Guernsey-based Providence Investments Funds, has appeared in court in London accused of sexual assault.
AIG agrees to sell Japanese life insurance unit to FWD
American International Group (AIG) has agreed to sell its Japanese life insurance business to one of Asia’s most prominent insurers FWD Group for an undisclosed sum.