Retirement
Pension firm buys Aon consultancy business in Germany
Deal is part of its strategy to move ‘into different markets with long-term growth potential’
£150m in pension funds lost due to slow UK policy rollout
Government has still not fixed a ‘quirk’ in tax system despite promising to in 2019
Call to review tax-free pension lump sum
Withdrawing the entire pot to access 25% puts the rest at risk of stagnating
DB transfers face further hurdles in bid to stop scams
But warnings that DWP’s plan could push market ‘back into the dark ages’ and ‘cause serious consumer detriment’
Wealth firms partner to set up Malta advice company
It will provide pensions and investment services to UK expats retired in the EU