United Kingdom
Retirement | 11 Jan 17
Guaranteed retirement income products may not be worth it
Retirement income products with guarantees, offered by many life companies in the UK as an alternative to the old fashioned annuity, do not offer value for money in most cases, according to a study by Milliman, an international consultancy group.
Best Practice | 10 Jan 17
Aviva to partner with LinkedIn in hunt for forgotten pensions
British insurer Aviva is in talks to team up with social media giant LinkedIn to create a scheme to track millions of forgotten pension pots.
MitonOptimal swoops on chartered adviser to boost int’l reach
MitonOptimal International, the Guernsey-headquartered investment management group, has merged with Isle of Man-based investment advisory business, Blythe Financial.
Tax & Regulation | 10 Jan 17
HMRC under fire for ‘unrealistic’ plans to shut 170 offices
HM Revenue and Customs (HMRC) could be forced to abandon plans to shut 170 local branches after the UK government’s spending watchdog accused the tax office of being “unrealistic” over its restructure plans.
Phoenix cashes in £117m from Axa purchase
Closed book provider Phoenix has said integrating the recently-bought pensions and protection businesses from Axa has generated more than £117m (€135m, $143m) in cash.