United Kingdom
Legal & General boosts profits on funds management growth
British insurer Legal & General boosted net profits by 8% in the first half of 2015 due largely to growth in its international fund management operations and demand from UK firms looking for help with defined benefit pension schemes.
Retirement | 5 Aug 15
Momentum launches two pensions following UK buyout
QROPS provider Momentum Pensions Group has introduced two new pension schemes after securing a majority stake in its UK self invested personal pension (SIPP) business last month.
Standard Life inflows surge from outside UK in first half
British insurance giant Standard Life said its asset management arm saw 70% of its net inflows come from outside the UK during the six months to June.
Tax & Regulation | 3 Aug 15
UK Gov’t launches review of financial advice industry
The British Government has announced a major review of the regulatory and legal framework governing the whole financial advice industry.
Retirement | 30 Jul 15
UK Gov’t outlines defence against ‘excessive’ pension exit fees
The UK Government has proposed three solutions to combat “excessive” early exit charges on pension schemes following fears they are restricting access to the new retirement flexibilities.