ABI flags retirement advice shortcomings as pension withdrawals hit fresh highs
40% of flexible income withdrawals at ‘unsustainable annual rate of 8% and over’
40% of flexible income withdrawals at ‘unsustainable annual rate of 8% and over’
The Investment Association has announced it is to be split into three core divisions as part of an organisational restructure.
The Investment Management Association and the Association of British Insurers Investment Affairs arm are set to complete their merger on 30 June and will become The Investment Association.
IMA chief Daniel Godfrey talks of increasing the association’s “clout and credibility”, but what difference its tie up with the ABI will make to its aims remains to be seen.
New business sales of UK-distributed offshore bonds continued to fall in the third quarter of 2012, as investors stayed away, and advisers concentrated on readying themselves for RDR.
The IMA needs web-based fund analysis to classify funds by what they do not what they are called.
Fidelity has responded to IMA CEO Richard Saunders’ call for alternative sector name proposals.