Royal London experienced growth of 61% in its drawdown business during the first half of the year amid demand created by the pension freedoms unleashed in April.
But the mutual life, pensions and investment company saw its total pre-tax profits slide 42% compared to the same six-month period in 2014, despite total sales across life and pensions of £3bn. A breakdown...
In this week's Pensions Buzz, ahead of Wednesday's Budget, we want to know whether you think Chancellor Rishi Sunak should freeze the lifetime allowance.
Interactive digital dashboards, cloud-based platforms, artificial intelligence and machine learning – all of these have a place in the exciting future of the pensions sector.
Law Debenture posted £11.5m of revenue in its pension business in 2020, growth of 8.3% on the prior year, with its governance service receiving enhanced activity.
This week’s top stories included a legal challenge over the government’s Retail Prices Index realignment, while British Airwards deferred £450m in deficit recovery contributions.
Most reform options for pension tax will leave many savers with smaller pots and cause substantially more costs for schemes and employers, says the Pensions and Lifetime Savings Association (PLSA).