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Retirement | news 22 May 15
One in seven unprepared for retirement, says Prudential
Of those people in the UK who are planning to retire this year, 15% have no pension savings, research from Prudential has revealed.
Industry welcomes ‘crucial’ European Capital Markets Union
European financial trade bodies have unanimously welcomed in the European Commission’s green paper on creating a Capital Markets Union, describing it as an opportunity to support the industry’s “sustainable economic growth and long-term financing”.
Vanguard launches first S&P 500 ETF listed in Hong Kong
Vanguard, the world’s largest mutual fund company, has launched an S&P 500 Index Exchange traded fund listed on the Hong Kong stock exchange.
RSA completes sale of China insurer Sun Alliance
London headquartered-RSA Insurance Group has completed the sale of its China-based business, Sun Alliance Insurance, as it continues to focus on its core markets and “clean up its past weaknesses”.
Cogress to target IFAs with new collective property offering
Private equity house Cogress UK has said it plans to release a regulated offering which will allows UK IFAs to invest client money into its collective property investment model.