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Demand for annuities at record high
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There was a record high in demand for annuities among advisers in the first half of the year, according to figures published today by pensions technology provider iPipeline.
Half of workers planning phased retirement
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Nearly half (49%) of workers aged 50 or older want to phase into retirement (32%) or have already done so (17%), according to a new survey.
Platform losses not an excuse to keep cash interest - FCA
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Some investment and SIPP providers have been retaining interest earned on cash-holdings to subsidise loss-making platforms, according to an FCA study published today.
Read more: Platform losses not an excuse to keep cash interest - FCA
Tax bills jump by £8.9bn year on year
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Latest figures from HMRC reveal that the total government tax 'take' jumped £8.9bn year on year in the latest five month period.
Brooks Macdonald snaps up £1.19bn AUM Planner firm
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Financial Planner and SIPP adviser Brooks Macdonald has acquired Norwich-based Lucas Fettes Financial Planning for an undisclosed amount.
Read more: Brooks Macdonald snaps up £1.19bn AUM Planner firm