Platform One adds STM International Bond
Platform One has added the STM Life Assurance International Portfolio Bond to its offshore platform.
Retirement
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Retirees plan 3bn spending spree next April
An additional £3bn is expected to be spent by retirees on luxuries such as cars and holidays in the three months after April next year when the Budget pension changes come into effect.
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LGIM launches multiasset retirement fund
Legal & General Investment Management has announced the launch of a new multi-asset fund aimed at seeing clients to and through retirement.
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Pressure on gcc employers to outsouce
A third of companies in the Gulf Cooperation Council are considering outsourcing all of their end of service benefit arrangements, according to a survey by SEI Investments.
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Annuity sales drop by a third following
Annuity sales have fallen by more than a third over the first and second quarter of 2014, confirming a lessening use of the product following the pension reforms announced in this years Budget.
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Chase de Vere sells SIPP and SSAS business
Chase de Vere has sold its SIPP and SSAS business to Barnett Waddingham for an undisclosed figure.
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STM reports profit leap and growth plans
STM saw a 313% growth in its profit before taxation over the first half of 2014, the highest figure in a set of interim results which saw the Group confirm its growth plans.
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Millions planning not to retire in the UK
Five million people in the UK have said they do not plan to retire, in response to consumer research conducted by Baring Asset Management.
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Unit linked guaranteed products could plug
Unit linked guaranteed products could be a useful tool for advisers looking to meet clients retirement income following changes made in the Budget, according to Defaqto.
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Global QROPS targets Australian
Global QROPS has opened three offices in Australia, with a view to providing cross border financial advice to UK migrants, returning Australians, and Australians living globally.
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Friends Life enlists Goldman Sachs
Friends Life has hired Goldman Sachs to find a buyer for its international arm, just weeks after announcing a 44% slump in the value of its new business, according to reports.
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Budget changes to spur innovation in retirement
Senior insurance executives and investment advisers anticipate a wave of new products and innovation in the retirement market, although there are fears some inappropriate products could be rushed onto the market.