Companies
First time access of retirement pots hit £40bn last year
One annuity sold for every three drawdown policies
Mini-bond firm administrators unable to trace nearly £8m
About 500 investors gave funds to collapsed firm linked to London Capital & Finance
Six life insurers fined in US for annuity disclosure failings
They will collectively pay over $1.1m in restitution plus $673,000 in penalties
Aussie advisers are feeling the heat
Numerous and swift regulatory changes have put the industry under massive pressure
Nutmeg eyes financial planning market
UK robo-adviser says service will help people who want a ‘straightforward view’ of their financial affairs