United Kingdom
Retirement | 21 Jun 16
Prudential pulls out of annuities open market
UK insurer Prudential will no longer sell annuities on the open market through advisers, a move which coincides with the end of a consultation into the government’s plans to implement a secondary annuities market.
L&C to fund new acquisition with management buyout
Qrops provider London & Colonial (L&C) is planning a management buyout of its business in order to help fund new acquisitions, the company has confirmed.
Fixed Income | 20 Jun 16
To sell or not to sell: EEA investors facing ‘dismal’ options
Investors in beleaguered Guernsey-based EEA Life Settlements Fund are stuck between the devil and the deep blue sea as they decide whether to sell their shares at a heavily discounted price or face another 10 years in the failed fund.
Investment | 20 Jun 16
Arck advisers ordered to pay just £562k following £50m fraud
Two UK financial advisers, who gave clients bad advice to invest in fraudulent property investment scheme Arck LLP, have been ordered to pay £562,766 ($807,721, €716,087) for their part in the £50m scam.
Best Practice | 20 Jun 16
What will a ‘Brexit’ mean for my pension?
With the referendum on whether or not the UK will leave the European Union only days away, Aegon has addressed some of the concerns about how a vote to leave could impact pensions.