UK - Responsibility for shaping the IFA market will be with the industry and not the regulator, the Association of Independent Financial Advisers says.
In its response to the FSA consultation on polarisation, the IFA trade body added that the regulator should be “much more proactive” in specifying what controls need to be in place to avoid mis-selling scandals.
Canada Life has signed a £351m bulk annuity contract insuring the pensioner liabilities of 2,510 members and dependents in the AA UK Pension Scheme.
In this week's Pensions Buzz, we want to know if you believe there is ever a case for combining retirement savings products with other savings products, and if the PPF levy for sponsorless schemes is appropriate for DB consolidators.
The Insolvency Service has disqualified four directors of trustee firms from running companies for a total of 34 years following an investigation.