Investors are minimising their risk profiles due to uncertain global markets, with Brexit the biggest concern according to NN Investment Partners (NNIP) Risk Rotation Index.
The formal impact assessment, issued as the Savings (Government Contributions) Bill 2016-17 receives its second reading, showed that the government expects 200,000 people to save in a LISA in 2017-18 rising by 2020-21 to in excess of 800,000.
New figures from the International Cooperative and Mutual Insurance Federation (ICMIF) confirm a continued strong financial performance in the global mutual and cooperative insurance industry.
The Financial Conduct Authority (FCA) has found no evidence of an industry-wide or systemic failure to provide customers with sufficient information about enhanced annuities through non-advised sales.