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Phoenix to buy Standard Life Assurance for £3.2bn

Life insurance consolidator Phoenix Group has swooped on Standard Life Assurance and plans to buy the business for £3.2bn with owner Standard Life Aberdeen taking a 20% stake in Phoenix.

AJ Bell says 'no comment' on float reports

AJ Bell, the rapidly growing platform and Sipp provider, had declined to comment on reports it is planning to float on the stock market.

17% of advisers changed platform in past year

Some 17% of financial advisers have changed their preferred platform in the last 12 months as dissatisfaction with service levels grows.

Raids and arrest as police probe pensions cold-calling

Police have raided four homes and businesses as part of an investigation into “poorly-run pension schemes suspected of links to cold-calling”.

SIPP firm founder predicts ‘casualties’ due to ‘toxic’ assets

The founder of a SIPP firm has predicted ‘casualties’ within the Sipps market in coming months.

Financial Planner backs ban on contingent fee charging

National Financial Planner and retirement specialist LEBC has backed the Work & Pensions Select Committee’s call for a ban on contingent charging for pension transfer advice.