Savers will be able to take up to £500 out of their pensions tax-free to put towards the cost of financial advice from April 2017, economic secretary to the Treasury Simon Kirby has said.
More should be done to simplify the decision-making process for consumers accessing pension freedoms, the Institute and Faculty of Actuaries (IFoA) said today.
Some 53% of financial advisers believe there will be an increase in enquiries about financial planning following the result of the EU referendum, according to research from Prudential.
There is an increasing need for insurers to let customers get their money back if their travel plans are affected by terrorism, according to International Travel and Healthcare.
Commercial insurers are most exposed to the risk of losing passporting rights following the UKs decision to leave the EU, data provider Timetric has warned.
Recent events across Europe such as terror attacks in Paris and Brussels have resulted in a marked change in how firms look at premiums and exposures, according to PwCs latest London Market pricing conditions review.
Global reinsurers are experiencing challenges from both the asset and liability sides of their balance sheets, according to a report published by Standard and Poors (S&P).
The number of jobs for actuaries has experienced the biggest increase in the insurance sector in the past 12 months, according to a report produced by HFG and Vacancysoft.
Three in five people who have taken money out of their retirement savings under the pension freedoms have not planned for how they would pay for future care costs, according to a study commissioned by Citizens Advice.
