Industry

John Moret, marketing director at Suffolk Life, is to retire after 40 years in the industry and almost 20 "banging the SIPP drum".

A TV advert for Aviva, in which the insurer claims it can provide 20% more income for annuity customers, has been banned by the Advertising Standards Authority.

The coalition government's cuts to child benefit for anyone earning over £44,000 is ‘a worry' and answers from the Treasury are ‘not good enough', pensions minister Steve Webb has been caught saying.

Public sector final salary schemes should be scrapped and replaced with a career average alternative, the National Association of Pensions Funds says.

Public sector pension schemes should move to a career average revalued earnings system capped at pay of £75,000, the London Pensions Fund Authority says.

Nearly a quarter of UK businesses have not yet considered the implications of auto-enrolment on their schemes, Aon Hewitt research reveals.

Royal Bank of Canada has completed its £963m acquisition of UK-based BlueBay Asset Management.

The government has hit problems with the reform of the state pension due to contracting-out complications and will now delay releasing its planned consultation, Ros Altmann says.

Aegon expects to complete a customer redress exercise currently estimated at £60m by the end of next year.

Scottish Equitable has been fined £2.8m by the Financial Services Authority for a series of administrative failings including underestimating the value of customers' future pension benefits to the tune of almost £7m.