The Lisa’s early withdrawal charge and its combination of elements of a short-to-medium-term deposit based savings product with a long-term retail investment product create risks to consumer protection, the FCA has said...
The election of Donald Trump as President of the United States has boosted defined benefit funding levels by £35bn, offsetting some of the negative impact on deficits caused by Brexit, research from...
Auto- enrolment pension contributions should rise to 12.5 per cent and tax relief should be replaced with a two-for-one ‘savers bonus, says Aviva. Publishing its own auto-enrolment ‘pre-review’ report, ahead of the...
Early exit charges will be capped at 1 per cent of the value of existing contract-based personal pensions, including workplace personal pensions, and new contracts cannot have any exit charge at all,...
The Friends Life brand will be dropped next year, two years after the provider was merged into Aviva. Aviva UK & Ireland Life CEO Andy Briggs says the Friends brand has been...
People should not be encouraged to take out the new Lifetime Isa if they have not already taken full advantage of matching workplace pension contributions, former pension minister Steve Webb has warned....
The Lifetime Isa will become the next big misselling scandal and should be dropped by the Chancellor, the former pensions minister has warned. Baroness Ros Altmann says providers who enter into the...
Workers and larger employers are willing to increase their pension contributions beyond the auto-enrolment minimum, research from Aviva has found. The provider’s research has found 52 per cent of people currently saving...
Rolls-Royce has completed a £1.1bn buyout for the Vickers Group pension scheme with Legal & General, in the biggest deal in 2016 to date. Mercer advised the trustees on the deal, which...
Zurich is appointing Tulsi Naidu as CEO of its UK business, charged with driving the integration of its general insurance and life operations. Reporting to Gary Shaughnessy, CEO for Europe, Middle East...
