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Monday, 18 October 2021 09:43

L&G to merge insurance and pension arms

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Legal & General will merge its retail insurance and pensions divisions from the start of next year.

Assets under management jumped from £98bn to £111.4bn at Schroders JV & associates in the three months to 30 September.

A leading Chartered Financial Planner has called on the Financial Conduct Authority (FCA) to redefine risk classifications to reflect current conditions.

SIPP provider Dentons Pensions has reported a 55% rise in new SIPPs business pushing its total number of schemes above 7,800.

The FCA has banned financial adviser Omar Hussein and fined him £116,000 for “reckless and unsuitable” pension transfer advice.