- Managers of Wealth - Europe - Wealth, private banking and asset management news and opinion

Prudential enters non-advised drawdown market

The Pension Choices Plan facilitates the full range of pension freedom reforms aimed at Prudential customers who choose not to take financial advice.

People’s Pension: Robo-advice can be delivered for less than £100 per head

There was no reason why each member could not receive advice for less than £100 per head

Origo to develop pension dashboard capability for industry

A service to help people keep track of their pension pots will be developed over the next couple of years by ecommerce firm Origo.

Benefits of UK pension scheme mergers outweigh risks for Treasury

A bitter war looks set to engulf the UK’s 150 public sector pension schemes that are under increasing pressure to cut costs by pooling their resources

JLT to acquire Close Brother's corporate businesses

Pension and benefits consultancy JLT Employee Benefits (JLT EB) has entered into an agreement with Close Brothers Asset Management (CBAM) to acquire its three corporate businesses.

Pension freedoms: 57,000 savers cash in entire pot

In this report we set out the findings and analysis of our recent data collection exercise which sought information across a number of areas of the pensions and retirement income market.

Drawdown investors lose £160 million since pension freedoms

This contrasts with 2012, when annuity sales were at their peak, and when over 90 per cent of the total value of sales were annuities.

Heineken announce longevity transaction with Friends Life

Towers Watson led the transaction as adviser to the joint Trustee and Company working group.

LGIM acquires £13bn National Grid pension mandate

The transaction is expected to complete before the end of the year, and is subject to regulatory approval.

When do you think you'll be allowed to retire? Think again

Planning on clearing your mortgage with your pension at 55? For most 40-year-olds this won't be the case

DOL cracking down on exemptions

Managers finding legal workarounds not so easy to get anymore

Jupiter launches pension freedoms fund for Gunn and Petheram

The Enhanced Distribution fund will invest in stocks and bonds and aims to provide a regular income for investors following retirement or those looking for capital growth.

Hargreaves to push for more pension freedom data disclosure

Discount broker Hargreaves Lansdown is to warn MPs on the Work and Pensions Committee that data coverage of the pension freedoms is still insufficient.

£17m a day withdrawn under new pension freedoms

Savers took a total of almost £2.5bn out of their pension plans under the new freedoms that took effect in April

Banks target advice gap with pension and platform plans

The bank currently offers restricted advice to clients with more than £50,000 in savings and investments to invest in products from a number of providers, including itself.

People risking their retirement plans by leaving pension savings in cash, St. James’s Place comments

Ian Price, divisional director at St. James‘s Place, comments on how the UK has taken up the new Pensions Freedoms reforms:

Aviva tells gov’t ‘rethink the way you explain pensions’

This is fair and doesn’t give the biggest incentives to those earning the most, which is how the current system works.

Financial advisers expect further changes to state pensions

Part of the reason is the emergence – due to better lifestyles and medical care – of a generation of ‘wellderly', who are living longer, and taking their basic state pension for longer too.

Pension SHOCK for millions: Experts say we must ALL work longer

MILLIONS of people face working longer for a less generous state pension.

Veritas, Estonia's LHV back new €70m Baltic private equity fund

The first investments will be made in the next few months, with the possibility that firms in adjacent countries could also receive funding.