News

The Financial Ombudsman Service has ordered Legal and General (L&G) to compensate two customers who transferred out of defined benefit schemes following "unsuitable" advice.

Thousands of savers face being hit with fines from the taxman for using their pension like a cash machine for the first time.

Demand for drawdown is likely to increase by a factor of five when retirement freedoms kick-in, causing a market ‘capacity crunch', Standard Life has warned.

Defined contribution (DC) schemes at some of the UK's biggest firms are beginning to diversify default funds according to research from Schroders.

Long term shift work is linked to impaired brain power, research published in Occupational & Environmental Medicine has found.

The Pensions Advisory Service (TPAS) is trialling a financial capability tool to help prepare for its future role as a provider of free guidance to savers.

Matthew Fletcher has been appointed as a senior longevity technical consultant by Hymans Robertson.

Punter Southall has appointed Colette Christiansen to the newly-created position of head of de-risking solutions in a bid to increase its presence in the bulk annuity advice market.

Risk appetite among European investors has fallen significantly since September amid deflationary fears in the region, according to the State Street Global Exchange.

Demand for annuities climbed 10.5% in September despite tumbling rates, analysis from IRESS has found.