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’
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The Investment Association has announced it is to be split into three core divisions as part of an organisational restructure.
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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.
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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.
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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.
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The IMA needs web-based fund analysis to classify funds by what they do not what they are called.
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Fidelity has responded to IMA CEO Richard Saunders’ call for alternative sector name proposals.
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