Standard Life sees 66% fall in annuity sales but boosts to drawdown and auto-enrolment
Standard Life's profits have fallen 15% in H1 2015 as it suffered a 66% reduction in annuity sales from last June as a result of the pension freedoms.
In its interim results published today the insurer reported that revenues from UK annuities decreased by 49% to £40m in the six months to 30 June compared to last year. It expects annuity sales to...
More on Investment
Funnel £6bn of pension funds to support growth economy, report urges
Around £6bn of UK pension fund monies should be invested in a National Renewal Fund aimed at recapitalising 21,000 growth economy businesses, a report suggests.
MSCI launches climate indices to help investors align with Paris Agreement
MSCI has launched eight indices to enable institutional investors to position their portfolios in line with the Paris Agreement to keep global temperatures within 1.5 degrees.
Low-carbon investing doesn't have to mean low return
With renewed urgency, governments and businesses strive for climate improvements, and pension schemes should take advantage, say Sammy Suzuki and Kent Hargis.
Industry Voice: There is no Planet B
Chris Wagstaff, Head of Pensions and Investment Education at Columbia Threadneedle Investments provides insight into how asset owners and asset managers should be responding to climate change.
Governance Watch - November 2020: The rise of shareholder dissent
Manifest-Minerva's Thomas Bolger takes a look at key issues at upcoming AGMs, focusing this month on the rise of shareholder dissent.
