Prudential

The majority of people accessing their pensions for the first time will be overpaying tax, Prudential head of business development Vince Smith-Hughes has warned.

Insurer Prudential's chief executive Tidjane Thiam is to replace Brady Dougan at the helm of Swiss bank Credit Suisse.

Lawrence Churchill has been appointed chairman of the independent governance committee (IGC) set up by Prudential to oversee its contract-based offering.

An incoming government must set up a non-partisan Pensions Commission as soon as possible after the general election, argues the International Longevity Centre (ILC UK).

Prudential has agreed a four-year deal to operate its salary sacrifice car scheme.

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Prudential has launched a flexible drawdown option to its range of retirement products ahead of pension freedoms which come into force in April next year.

The UK bulk annuity market exceeded £8.5bn in the first three quarters of 2014, making this year already the busiest on record, according to figures published today.

LCP has added a buy-in pricing tracker to its online valuation tool which uses up-to-date information from the biggest insurers to help clients make de-risking decisions.

Even prudent retirees risk making poor decisions when pension freedoms kick-in next year, with more than one in three intending to switch their savings into a bank account.