News
Retirement | news 24 Oct 17
Drawdown sales hammer annuities
There has been a dramatic move away from annuities to income drawdown following the pension freedoms, data published by the Financial Conduct Authority shows.
PEOPLE MOVES: Wells Fargo, PwC, LJ Partnership
PwC appoints an asset management tax partner, Wells Fargo nabs staff from Schroders and BlackRock, while LJ Partnership names a managing director.
SJP adds Japan fund amid sharp inflow uptick
St James’s Place confirmed it is preparing to launch two funds this November, as it reported net inflows totalled more than £2bn in the third quarter.
Best Practice | news 24 Oct 17
Advisers torn over DB transfer concerns
Financial advisers are divided over their concerns around the defined benefit (DB) transfer market, according to a poll conducted by global asset manager Russell Investments.
Best Practice | news 24 Oct 17
Half of Sipp complaints upheld
The UK Financial Ombudsman Service (FOS) has upheld half of the complaints it received about self-invested personal pension schemes (Sipps) so far in 2017/18.