Industry
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
Vultures circle beleaguered Thomas Cook customers
As Canada Life research shows 4.5 million Brits were approached about potential scams in last 3 months
Aussie advisers are feeling the heat
Numerous and swift regulatory changes have put the industry under massive pressure