One in seven unprepared for retirement, says Prudential
Of those people in the UK who are planning to retire this year, 15% have no pension savings, research from Prudential has revealed.
Prudential
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Smooth Sailing – Life trends with Prudential International
Kevin Purtill, head of commercial at Prudential International explains how the company has seen record growth, thanks to its offshore bond offerings
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UK onshore bond sales up as offshore dips
New business sales of UK-distributed offshore bonds fell by 10.7% last year but were contracting at a slower pace than in recent years, while the onshore version saw sales pick up in 2014 for the first time since the financial crisis.
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Manulife Asia ousts Aviva in 12bn DBS partnership
The Asian arm of Manulife has sealed a $1.2bn deal to sell its insurance products with Singapore bank, DBS, marking the end of the bank’s 14-year partnership with Aviva.
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Cash drawdown favoured option in UK pension reforms
Major UK pension providers have reported a surge in customer inquiries following the new rules governing access to their savings with most seeking to drawdown some of their cash.
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Scam fears grow as pension freedom day nears
Fears that unregulated financial advisers will step up the marketing of unsuitable products following the introduction of UK pension freedoms next week are growing.
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Former FCA exec Clive Adamson joins Pru
The Financial Conduct Authority’s former director of supervision, Clive Adamson, is to join Prudential’s UK business, according to media reports.
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prudential calls for new pension body
The Prudential is calling for the next UK Government to set up a new independent Pension Commission to tackle the challenge of insufficient incomes in retirement.
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UK taxpayers overpay £5bn in tax
Taxpayers in the United Kingdom are wasting around £4.9bn in unnecessary tax payments due to an absence of awareness, lack of concern or insufficient knowledge, a report suggests.
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Sweet spot growth sees Asian profits boom
Prudential has seen its Asian profits grow by 18% so far this year following particularly strong performances in its sweet spot jurisdictions of Hong Kong and Singapore.
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Prudential launches platform wrapper
Prudential has launched a new onshore bond targeted at platform investing, and will introduce an offshore bond version in the near future.
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Scottish independence to create uncertain
Scotlands possible independence as a result of its upcoming referendum could throw up a multitude of potential issues for investors and advisers using Scottish products, says a senior industry figure.