LGIM's assets under management rise to a record £330bn By Lora Coventry  05-May-2010 11:00 AM
Gross new funds at Legal & General Investment Management (LGIM) rose by 51 per cent to £11.2bn for the first quarter, year-on-year, the group says.

Friends reaches funds landmark By Lora Coventry  23-Apr-2010 11:30 AM
Friends Provident has passed the £10bn landmark on its generation pensions platform.

LV= adds funds to pension platform By Jonathan Boyd  23-Apr-2010 11:00 AM
LV= has added eight new Threadneedle funds to its insured pension fund platform.

Alico launches Select Portfolio By Lora Coventry  09-Apr-2010 09:30 AM
Alico Wealth Management has launched Select Portfolio, a collection of new retirement and investment products.

Royal London makes board changes By Lora Coventry  08-Apr-2010 11:25 AM
Royal London, the UK's largest mutual life and pensions provider, appoints Duncan Ferguson non-executive director.

Retirement income drops, says Pru By Charlotte Banks  31-Mar-2010 05:18 PM
Those retiring in 2010 to get less than those retired a year earlier.

Pension fund returns average 14% By Lora Coventry  30-Mar-2010 12:45 PM
UK pension funds typically achieved a weighted average return of 14.4 per cent for the year to 31 December 2009.

Government should be ultimate guarantor of the PPF By Lora Coventry  18-Mar-2010 02:00 PM
Almost three quarters of pension scheme trustees and advisers believe that the Pension Protection Fund (PPF) should not be funded solely by a levy on pension schemes without any government funding, a survey shows.

Women investors failing to seek retirement planning By Jonathan Boyd  12-Mar-2010 10:00 AM
Consumer research by defaqto suggests only a fifth of women have sought financial advice.

Friends Prov offers seminars By Charlotte Banks  08-Mar-2010 11:00 AM
Friends Provident is launching three new online business protection seminars available to advisers from 22 March 2010.

Prudential with-profits policyholders to benefit from £2bn bonus pot By Lora Coventry  26-Feb-2010 10:40 AM
Prudential says it has delivered strong annualised returns for its with-profits policyholders.

Aegon appoints COO as its reports 23% drop in life/pensions new business By Money Marketing  25-Feb-2010 09:00 AM
The provider’s finanical results for 2009, published today, show life and pensions new business for the year was £943m, down 23 per cent on 2008. However, life and pensions new business quarter-on-quarter increased to £237m in Q4, 9 per cent up on Q3.

Pension fund assets plunge in recession By Money Marketing  23-Feb-2010 05:00 PM
ONS data shows that as stock markets fell at the start of the recession the value of these assets dropped from £1.09trn in 2007 to £928m.

RDR could reduce Omo usage further By Money Marketing  23-Feb-2010 12:00 PM
In a special report on the RDR, the ratings agency says the fact customers will be faced with explicit fees for investment advice will drive some away from the IFA sector.

Royal London in talks to acquire Royal Liver By Money Marketing  22-Feb-2010 09:00 AM
The talks, believed to be at an early stage, follow talks between LV= and Royal Liver last autumn.

Honor Blackman takes up Equitable cause By Money Marketing  19-Feb-2010 12:00 PM
Blackman accused the Government of “dragging its feet” over the debacle, as it is now over a year and a half after the Parliamentary Ombudsman called for compensation, but nothing has yet been paid out to policyholders.

Pearl Group to rebrand as Phoenix By Money Marketing  19-Feb-2010 12:00 PM
The board of Pearl Group, which is 15 per cent owned by Osmond, have called an extraordinary general meeting to decide on the rebrand on March 15.

Axa UK life and savings sales fall 20 per cent By Money Marketing  18-Feb-2010 10:00 AM
Life and savings revenues were down 4 per cent to £49.9bn from £50.2bn the previous year.

Zurich seeking partner By Money Marketing  18-Feb-2010 10:00 AM
Zurich is tendering for a partner to replace Prudential in a single-tied annuity-outsourcing contract, Money Marketing understands.

NAPF fights tax relief restrictions By Money Marketing  18-Feb-2010 10:00 AM
The National Association of Pension Funds has set up a working party to lobby against the Government’s restriction to tax relief on pension contributions and is calling for the annual allowance to be reduced to between £45,000 and £75,000 instead.

Sale of Alico to Metlife may be delayed due to tax dispute By Money Marketing  17-Feb-2010 10:00 AM
The Wall Street Journal reports that the deal is expected to be pushed back due to a tax dispute which the Internal Revenue Service may need to make a ruling on.

L&G annuity sales jump 13 per cent By Money Marketing  17-Feb-2010 10:00 AM
The firm cites increased product and pricing sophistication as well as new distribution opportunities for the rise.

MGM launches delayed asset-backed annuity By Money Marketing  15-Feb-2010 10:00 AM
The asset-backed product lets pensioners change income levels at different stages of retirement and gives the potential for growth to offset inflation.

Friends is slammed over benefits' backlog By Money Marketing  11-Feb-2010 12:11 PM
Delays to payments blamed for criticism of Friends Provident.

L&G wants to unlock annuities to pay LTC By Money Marketing  11-Feb-2010 10:00 AM
Early release of money to fund long term care sought.

LV= launches fixed-term annuity By Money Marketing  08-Feb-2010 12:20 PM
Product with flexibility to challenge Living Time.

L&G enhances corporate platform By Money Marketing  03-Feb-2010 05:00 PM
The WorkSave platform, which currently offers employees a group Sipp and from March a group regular contribution Isa, will be adding the EFRBS for high-net worth employees.

Standard Life sees Sipp inflows fall 28% By Money Marketing  03-Feb-2010 09:00 AM
The firm cites lower average market levels over the year as impacting incoming transfer values, which it says continue to represent the majority of new business.

Friends Provident scraps MVRs By Money Marketing  29-Jan-2010 05:00 PM
In its with-profits announcement today, Friends says it reviewed its MVRs actively over 2009 to reflect changing investment conditions and has now decided to remove the charge from all policies except pensions which have a guaranteed regular bonus of 4 per cent.

FSCS announces new chief executive By Fund Strategy  29-Jan-2010 12:00 PM
Neale, who is the former director general of HM Treasury for budget tax and welfare, takes up the post in May succeeding Loretta Minghella who led the organisation for five years.

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