Prudential
FCA fines Prudential £23.9m for non-advised annuity sale failures
The Financial Conduct Authority (FCA) has fined Prudential £23.9m for failures relating to non-advised sales of annuities.
Prudential agrees annuity deal with L&G
Legal and General (L&G) Retail Retirement has agreed an introducer agreement within its retirement income division to provide annuities to Prudential customers with guaranteed rates.
Five stories you may have missed this week
The top stories this week were the High Court's decision to block the £12bn annuity transfer from Prudential to Rothesay Life, and a separate court ruling that 'raises the bar' for pension rectification exercises.
Court blocks £12bn annuity transfer from Prudential to Rothesay Life
The High Court has blocked the £12bn transfer of Prudential's annuity book to Rothesay Life, citing the insurer's lack of "established reputation" and differing "capital management policies".
Five stories you may have missed this week
This week's top stories included Legal & General acquiring MyFutureNow to provide a dashboard service to customers, while also agreeing a hybrid buy-in with a Hitachi scheme.
M&G Prudential to rebrand after demerger
M&G Prudential has announced it will rebrand and list its shares as M&G later this year.
PICA launches reinsurance counterparty to back UK bulk annuities
Prudential Insurance Company of America (PICA) has launched a reinsurance counterparty, lending support to insurers that account for more than 90% of the UK pension risk transfer market.
Prudential restricts withdrawals from institutional UK property fund
Prudential has implemented withdrawal restrictions on its Workplace Pensions Prudential UK Property fund as scrutiny on open-ended funds' liquidity issues continue.
Rothesay Life completes £700m of bulk annuity deals in H1
Rothesay Life completed around £700m of bulk annuity transactions in the first half of 2019, according to its latest trading update.
Have IGCs improved value for money in contract-based pensions?
A fourth round of IGC reports has emerged and they are looking quite different to last year following regulatory change. Kim Kaveh looks at the key findings.
Good communications are more important than ever
Malcolm Mclean says getting the channels of communication right and engaging more openly is a good starting point
Lesley Titcomb: Industry cannot rely on TPR to act as sole policeman
The sector has to look after its own reputation and should not rely solely on the watchdog, The Pensions Regulator's (TPR) chief executive says.
Prudential partners with Hub Financial Solutions to widen annuity offering
Prudential has agreed an annuity referral partnership with Hub Financial Solutions as part of the provider's plan to widen the range of products and services available to its customers.
Prudential enjoys 13% boost to retirement sales
Prudential has secured an additional 13% of sales in its retirement business, but corporate pension sales fell marginally from £286m to £275m.
One in 10 risk huge tax bills by planning to withdraw entire pension pot
One in 10 of this year's retirees will take their entire pension pot as a lump sum, Prudential's 'Class of 2018' research finds.
Five stories you may have missed this week
This week's top stories include Prudential slashing the size of its corporate defined contribution business, and National Grid's £2bn longevity swap with Zurich.
EXCLUSIVE: Prudential shuts down worksite DC services amid 60% staff cut
Prudential is to slash the size of its corporate defined contribution (DC) pensions business as it moves to purely online- and telephone-based services, Professional Pensions can reveal.
Prudential reinsures $1.2bn of PIC's longevity risk
Prudential Insurance Company of America (PICA) has agreed to reinsure around $1.2bn (£900m) of Pension Insurance Corporation's (PIC) longevity risk.
One in 10 over-55s targeted by pension freedom scammers - Pru
Nearly one in 10 over-55s fear they have been targeted by suspected scammers since the launch of the pension freedoms, research by Prudential has found.
Early retirees 'feel most comfortable' but lose £3,400 every year, finds research
Those retiring early are worse off each year compared to those retiring at the state pension age, but are the most comfortable when it comes to their financial situation, according to Prudential.
We have used 25% lump sum wisely, say four in five freedoms users
Savers are not squandering their tax-free lump sums under Freedom and Choice but are taking a more cautious approach to retirement, according to Prudential research.
Have IGCs improved value for money in contract-based pensions?
A third round of IGC reports show most have lowered charges, but transaction costs remain hard to pin down. Kim Kaveh looks at the key findings.
Three years on: Over-55s encouraged to save more by pension freedoms
Around one in ten (11%) workers aged over 55 say pension freedoms have encouraged them to save more since the rules came into effect in April 2015, Prudential has found.
Prudential's IGC removes high-charging funds and complex cost structures
The independent governance committee (IGC) for Prudential has improved value for money for members by simplifying charging structures and starting to shut expensive funds, according to its third report.
