Financial services complaints down
Financial services firms in the UK received 2.11 million new complaints between July and December 2015, a decrease of 1.4% compared with the previous six months, according to the Financial Conduct Authority.
Royal London
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Rate of UK flexible pension drawdowns slows
The number of people taking advantage of the new pension freedoms dropped by 13.3% between the third and fourth quarters of 2015, with the total value of funds released down by nearly a third.
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Many UK retirees seen using pension freedoms to get cash
Research by UK insurer Royal London has found that nearly 70% of savers who have taken advantage of the government’s new pension reforms since April have taken their money in a cash lump sum.
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Royal London chief criticises ‘ISA-style’ pension tax changes
Phil Loney, chief executive of UK life and pensions company Royal London, has sharply criticised the government’s proposed plans to overhaul the way pension contributions are taxed.
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Royal London appoints former UK pensions minister Steve Webb
Life and pensions company Royal London has appointed former UK pensions minister Steve Webb as its director of policy and external communications.
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Royal London calls for more affordable financial advice
The need for affordable financial advice in the UK for savers who want to cash in medium-sized pension pots has intensified, said Royal London.
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RLAM launches absolute
The UCITS-compliant open-ended fund, which opened to investors on 4 December, will focus on the G10 market.
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rl enhances bond with capital redemption variant
RL360° has introduced a capital redemption variant to its single premium portfolio bond.
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possible budget threat to expat tax
Specialists who advise expatriates on their UK tax affairs have flagged up a possible threat to such expatriates’ personal allowances that was contained in Chancellor George Osborne’s Budget last week.
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rdr effect seen on offshore bond sales to uk
New business sales of offshore bonds into the UK market last year ended up a fifth below 2011’s levels, which in turn were down more than 7% from the previous year, as investors shunned equities and similar investment products.
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Regular premium focus pays off for RL360 in 2012
A strategy change for Royal London RL360° at the start of 2012 has paid dividends, according to the latest results, with the company boasting a 52% increase in sales of its regular savings business over the year.
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rlam reveals two new high yield bond funds
Royal London Asset Management (RLAM) is launching two new Ucits-compliant global high yield fixed income funds.