Retirement
UK regulator probes 125 advisory firms on suitability
Focusing on clients receiving advice on income in retirement
‘Pension scam scandal’ sees Brits lose £155,000 each
To bogus advisers who persuaded them to move money from pensions into risky investments
US regulator eyes greater investor disclosure
For documents related to life and annuity products
Written by Mark Schoeff
Inheritance tax untouched by UK chancellor
But budget sees £90,000 increase in tapered annual allowance
Prudential to spin out US business
As it prepares for a minority initial public offering of the American annuity firm
