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Pensions

Matt Philips

Duty of care means clients are advised not to buy the Lamborghini quite yet

Fri, 27/03/2015 - 09:05

The pension reforms that will happen on 6th April allow individuals to release their capital from their pension pots once they reach 55.   »

Beverly Chandler

Wealth managers face challenges and opportunities with new pension freedom

Tue, 24/03/2015 - 16:08

April’s new pension freedoms in the UK could spell a wealth of new business for sophisticated wealth managers and investment advisers. The so-called 'Pension freedom' reforms will give people greater power over how they spend, save or invest their retirement pots from 6 April. »

UK flag

Pensioner millionaires on the rise in the UK

Thu, 17/07/2014 - 12:14

More than one million pensioner households in the UK now have total wealth of more than GBP1m, according to analysis by Prudential of the latest ONS data for 2010-2012. »

Retirement

FNEX partners with Vantage self-directed retirement plans

Wed, 25/06/2014 - 11:36

Clients of self-directed retirement plan administration company Vantage can now access FNEX.com to source, review and invest their funds in a wide variety of alternative investments. »

Pension

Premier launches suite of DB, DC and Death in Service Master Trusts

Mon, 16/06/2014 - 14:30

Premier has launched a suite of Master Trust services for the DB, DC and Death in Service markets, for employers who are looking for an alternative to the task of running the scheme themselves. »

UK flag

UK needs ‘national wealth service’, says Altmann

Mon, 16/06/2014 - 06:04

The UK needs a National Wealth Service and “fundamental changes” in pension advice and saving products to ensure success for the retirement revolution sparked by the Budget, according to Dr Ros Altmann. »

Adrian Walker, retirement planning manager at Skandia

Pension reforms risk failure unless income rules are simplified, says Skandia

Tue, 10/06/2014 - 10:04

A swift change to retirement income rules is required in order for the government’s proposed pension reforms to work, according to Skandia, part of Old Mutual Wealth. »

Retirement

UK consumers reliant on others for comfort in retirement despite pension reforms

Thu, 29/05/2014 - 14:08

In spite of the individualism underlying George Osborne’s pension reforms, UK consumers still see other parties as responsible for their financial comfort in retirement, according to a survey by AXA Life Invest. »

Union Jack Pound

Unit-linked guarantees could be GBP4bn-a-year market by 2014, says MetLife

Tue, 27/05/2014 - 11:53

The unit-linked guarantee market is set to nearly treble to GBP4 billion a year by the end of 2015 as the Budget reforms highlight the continuing need for certainty on capital and income, according to MetLife. »

Pension

AXA Life Invest launches Secure Advantage+

Mon, 26/05/2014 - 10:07

AXA Life Invest has launched Secure Advantage+, a guaranteed drawdown product that is designed to tap into the flexibility and choice made possible by recent pension reforms. »

Retirement

M Financial selects JP Morgan’s Retirement Link for retirement platform

Wed, 21/05/2014 - 16:26

JP Morgan Asset Management’s retirement plan solution Retirement Link is now available on M Financial Group's retirement plan platform. »

Stop sign

Aviva turns off commission taps

Wed, 21/05/2014 - 14:06

Aviva will stop paying initial commission to company pension advisors from the end of 2014, 15 months before commission is actually banned in April 2016. »

Results

LGIM AUM up five per cent in Q1 2014

Fri, 16/05/2014 - 10:05

Legal & General Investment Management (LGIM) saw net flows of GBP3.8bn in Q1 2014 and now has assets under management (AUM) of GBP463bn, up five per cent on the same quarter last year. »

Piggy bank

Over half of Britons have no financial goals, says survey

Mon, 12/05/2014 - 14:01

The UK is at a retirement crossroads, with over half (54 per cent) of Britons admitting to not having financial goals and of those that do nearly two thirds (60 per cent) do not have a plan in place to reach them.  »

Computer screen

Noble-Davis Consulting and Alliance Benefit Group now live on SunGard’s WealthStation

Thu, 08/05/2014 - 16:32

Noble-Davis Consulting and Alliance Benefit Group of Michigan have gone live on SunGard’s WealthStation MyRetirement income analysis tool. »

Retirement

ADP launches IPS Zero investment platform with simplified fees

Thu, 24/04/2014 - 10:10

ADP has launched IPS Zero, an investment platform designed to appeal to advisors who employ a fee-for-service structure with their retirement plan clients and plan sponsors who want simplified fees.  »

Down arrow

UK annuities market could decline by up to 75 per cent, says PwC

Wed, 16/04/2014 - 06:08

The UK annuities market could decline by up to 75 per cent after the recently announced changes to compulsory annuity purchase come into effect, according to PwC analysis. »

Clock

Target date strategies to capture lion’s share of 401(K) contributions

Fri, 11/04/2014 - 06:34

Target date strategies will capture 63.4 per cent of 401(k) contributions in 2018, research from global analytics firm Cerulli Associates predicts.  »

Catherine Doyle

Product innovation can survive auto-enrolment fee cap, says BNY Mellon’s Doyle

Mon, 07/04/2014 - 14:08

The UK government’s decision to impose a 0.75 per cent fee cap for those in auto-enrolment schemes from April 2015 appears to unduly restrict investment options, according to Catherine Doyle, head of defined contribution, UK at BNY Mellon Investment Management. »

Adrian Walker, retirement planning manager at Skandia

Lamborghini pension fund withdrawals unlikely, says Skandia

Fri, 04/04/2014 - 12:05

Less than 10 per cent of Skandia’s current flexible drawdown customers have taken, or are currently in the process of taking, the entire value of their pension savings.  »

Adrian Walker, retirement planning manager at Skandia

Skandia launches new flexible drawdown system

Fri, 28/03/2014 - 10:08

Skandia has launched a system functionality to enable customers and financial advisers to take advantage of the UK’s new flexible pension regime with immediate effect. »

Index

Average 401(k) participant invests 60 per cent in index funds, says Vanguard

Wed, 26/03/2014 - 12:35

The use of low-cost index funds by participants in Vanguard 401(k) plans rose sharply from 2004 to 2012, with the average participant now investing 60 per cent of their account balance in index funds. »

Computer screen

SunGard launches WealthStation PlanAdvisor for 401(k) plans

Tue, 25/03/2014 - 14:11

SunGard has launched WealthStation PlanAdvisor to help investment advisors and other plan fiduciaries serving qualified retirement plans to grow their client base. »

Five fingers

Skandia highlights five changes for a clearer UK pension market

Tue, 18/03/2014 - 14:11

Ahead of this week’s UK Budget announcement, Skandia is repeating its call for the Chancellor to improve access to workplace financial advice, along with four other key changes for a clearer market. »

Coins

More than half of 401(k) participants own a target-date fund, says Vanguard

Wed, 12/03/2014 - 10:08

More than half (55 per cent) of the participants in 401(k) retirement plans at Vanguard now hold a target-date fund, giving them a disciplined approach to investment risk-taking that automatically grows more conservative as they age. »

Report

Compliance ‘obsession’ is major obstacle to growth in D2C platforms

Fri, 07/03/2014 - 16:05

Whilst nearly 90 per cent of firms predict substantial growth in D2C platforms over the next few years, many are being held back by worries over perceived compliance issues. »

Survey

DB and DC schemes satisfied with investment consultants, says NAPF survey

Mon, 03/03/2014 - 10:01

Over 80 per cent of both defined benefit (DB) and defined contribution (DC) schemes would recommend their investment consultancy to a scheme with similar needs, according to the National Association of Pension Funds (NAPF). »

Survey

One in five clients in danger of breaching reduced pension lifetime allowance

Wed, 26/02/2014 - 12:10

Advisers estimate that one in five (19 per cent) of their clients is in danger of breaching the UK’s reduced pension lifetime limit by the time they reach retirement age, according to a study commissioned by Albion Ventures. »

UK flag

UK lags European countries in global retirement study

Tue, 25/02/2014 - 16:06

The UK ranked only 18th globally, behind other leading European countries, regarding its capacity to meet retirement security needs and expectations, according to the 2014 Global Retirement Index. »

Retirement

Morgan Stanley adds discretionary capabilities to DC retirement plan advisory services

Tue, 25/02/2014 - 10:11

Morgan Stanley Wealth Management has expanded its defined contribution retirement plan advisory services offering to include a new discretionary investment programme. »

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