Pensions

Zurich’s corporate savings business in the UK has launched a new auto-enrolment default fund solution in conjunction with Schroders. »

Schwab Retirement Plan Services has added Morningstar Associates as a managed account provider for its retirement plan solution Schwab Index Advantage. »

High returns are a key requirement for only 44 per cent of UK investors, which is 14 per cent less than the European average, according to a survey conducted by YouGov in 11 European countries. »

MGM Advantage, the retirement income specialist and mutual society, is to sell its new business franchise to TDR Capital, generating a goodwill payment of GBP9m for distribution to eligible members of the mutual society who hold with-profits policies. »

Compass Investors, the company behind the Horizon investment service, is working to change the traditional "steady as she goes" mindset of retirement investing. »

Global asset manager Russell Investments has leveraged the methodology in Russell Adaptive Investing to develop the “next generation” in target date investing for institutional plan sponsors – Russell Adaptive Retirement Accounts. »

Mark Carney’s appearance before the Treasury Select Committee on Thursday provides further evidence that pensioners, and those nearing retirement, might need to re-evaluate their investment plans, says the boss of the one of the world’s largest independent advisory firms. »

Security Benefit Corporation, a provider of retirement savings and income vehicles for America's pre- and post-retirees, has launched Foundations Annuity, a next-generation fixed indexed annuity (FIA). »

An overwhelming majority (83 per cent) of advisers are encouraging their clients to supplement their pension with other retirement saving strategies as a result of the changes announced in the Chancellor’s pre-budget report, according to a study by Albion Ventures. »

UK Chancellor George Osborne’s assertion that only one per cent of pension savers would be affected by his reduction to the maximum amount people can pay into a pension annually without tax has been slammed as “disingenuous” by the boss of the world’s largest independent financial advisory firm. »