Millions of pension savers cannot take advantage of a tax break designed to help them pay for financial advice because major providers including Aviva, Aegon, Fidelity, Legal & General, Prudential and Royal London are not offering it to customers, reports the Financial Times.
Investment platform Hargreaves Lansdown announced a major recruitment drive in its marketing team, while state-backed UK agency Nest poaches LV=’s head of pensions. Neptune hires former M&G head as a special adviser as Standard Life makes a round of promotions.
The People’s Pension provider B&CE has joined forces with retirement specialist LV= to launch a £49 robo-advice service, aimed at those approaching retirement.
