UK - Scottish Equitable has launched a new flexible personal pension plan aimed at high net worth individuals.
It says the plan is designed to remunerate the adviser for the advice given and offer clients the potential of outperformance in relation to conventional single-priced products.
The scheme also offers a self-investment option which will be further developed to provide access to a fund supermarket covering over 500 funds run by 30 fund management houses.
Scottish Equitable head of individual marketing Douglas Jones said: “Downward pressure on charges is squeezing advice out of the market and advisers are seeking new solutions.”
Trustees of the 600 Group's defined benefit (DB) pension scheme have agreed to a £201m buyout with Pension Insurance Corporation (PIC).
Anna Genda has been appointed a director for defined benefit (DB) and defined contribution pensions (DC) at Investec Asset Management.
Scammers may be trying to steal savings from workers by falsely claiming to be calling from The Pensions Regulator (TPR), according to a warning from the watchdog.
Lottie Meggitt continues Newton Investment Management's series of columns on DC issues