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Number of ‘unsustainable’ pension withdrawals hits record high
The proportion of pensions being drawn down at 8% or over has hit its highest recorded level for pots of all sizes, according to analysis of the latest FCA data.
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UK corporate pension deficits increased by £50 billion to £629 billion in July, according to Sipp provider Xafinity's corporate pension deficits tracker.
AXA Wealth is expected to enhance its Sipp offering later this year after posting strong results for the first half of 2013 today.
Sipp provider AJ Bell has partnered with Lancashire County Cricket Club in the run-up to the third Ashes Test Match.
Former Skandia marketing director Nick Dixon has been appointed as investment director at Aegon UK.
Sipp provider Suffolk Life has called on planners and their clients to consider fixed and individual protection for 2014 as early as possible.
Sipp provider and wealth manager Mattioli Woods plc has acquired the entire share capital of Thoroughbred Wealth Management and its subsidiary Atkinson Bolton Consulting.