Regions
Many UK retirees seen using pension freedoms to get cash
Research by UK insurer Royal London has found that nearly 70% of savers who have taken advantage of the government’s new pension reforms since April have taken their money in a cash lump sum.
Australian wealth manager AMP posts 33% rise in net profit
Australia’s biggest specialist wealth management company, AMP, has posted a 33% rise in net profits for the six months to 30 June due to solid growth in its core domestic business and a big contribution from its Chinese joint venture.
Survey: Income investing top priority in Asia
Asian investors seek income products but are too focused on “familiar income-producing asset classes”, according to a Legg Mason survey report.
United Kingdom | 19 Aug 15
AES calls for clarity on UK advice firms using EEA passporting
Financial services firm AES International has called for more clarity on advisory firms operating in the UK under European passporting rules.
Tax & Regulation | 18 Aug 15
Royal London chief criticises ‘ISA-style’ pension tax changes
Phil Loney, chief executive of UK life and pensions company Royal London, has sharply criticised the government’s proposed plans to overhaul the way pension contributions are taxed.