PEOPLE MOVES: Prudential, AllianceBernstein, 7IM
Barry Stowe retires as chairman and chief executive of the Pru’s North American division
Prudential
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PEOPLE MOVES: Alexander Forbes, Fidelity, M&G Prudential
South African advice firm moves quickly to replace ousted chief executive
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FCA rules out enforcement action against life companies
Treatment of long-term customers of Old Mutual, Abbey Life, Countrywide Assured, Prudential investigated
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Chinese insurance giant eyeing Prudential’s Asia business
Biggest-ever Chinese acquisition would re-shape Asian insurance sector
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M&G Prudential demerger a ‘distraction’ as headwinds loom
Prudential shares have fallen 2% over the last six months
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Pay gap following women into retirement
Women retiring in 2018 will have 29% less income than men, according to research by Prudential which highlights that the UK’s gender pay gap remains a major issue.
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Six Singapore advisers banned for mis-selling
Former Prudential, AIA and Citibank employees have been prohibited from providing financial advice services in Singapore, after they were found to have mis-sold investment products.
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Pension freedoms fraud a major concern for over-55s
One in three people over the age of 55 say the risk of being defrauded is a major concern following the introduction of the pension freedoms in April 2015, according to research from Prudential.
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Pensioners bankrolling three generations
Nearly a third of those in the UK planning to retire in 2018 are financially helping out their families to the tune of around £4,300 ($4,829, €3,913) a year, increasing pressure on their own retirement plans and income, research from Prudential shows.
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Two in three still confused by pension freedom rules
Despite being three years since HM Revenue & Customs introduced the pension freedoms, two out of three people over the age of 55 say they are still confused by the regulations.
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Five firms pull free pension transfer tool
Prudential, Scottish Widows and LV are the latest providers to stop their free pension transfer value analysis services (Tvas) for advisers, as they respond to regulator concerns that such tools could act as an inducement.
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One in eight retiring with no pension
Twelve percent of people retiring this year have made no provision for their retirement, with 10% either totally or somewhat reliant on the UK state pension, research from Prudential has found.