Solvency II

The introduction of Solvency II could see annuity rates, currently at record lows, drop a further 20%, Deloitte has warned.

ANNUITIES

The Financial Services Authority (FSA) has criticised insurance firms for inadequate planning in the run up to Solvency II in a letter distributed to firms yesterday.

ANNUITIES

EXPERIENCE

The fear of another financial crisis will drive regulatory thinking for the next two decades as the philosophy of light-touch regulation disappears, according to Royal London Asset Management (RLAM).

Standard Life CEO Paul Matthews said he is excited about the roll-out of the retail distribution review (RDR) next year, as he expects more advisers to use its fee-ready wrap and investment solutions.

Retirement Planner's round-up of the top pension stories this week.

Mayor of London Boris Johnson has written to The Prudential in an attempt to convince the insurer not to relocate its headquarters to Hong Kong.

Any move abroad by Prudential is "unlikely" to affect either PruProtect or PruHealth, COVER understands.