M&G has put its £15.5bn platform up for sale in a scoop for New Model Advisor.
The website quotes sources suggesting that Fenchurch Advisory Partners is advising on the sale and an information memorandum will soon be published.
Advisers must hope for a stable owner though that can sometimes feel like wishful thinking. It is odd that what can feel like a credible part of a strategy one year, does not the next. The platform was originally part of a vertically integrated strategy.
The Department for Work and Pensions has published more details about how occupational schemes will need to connect to the dashboard. Schemes with more than a hundred members will have to connect by 2026.
Could it finally bring the benefits politicians and many in the pensions sector have been talking about for years? It would help with financial planning but it does, of course, have to have all the information required.
2plan has appointed Claire Limon as managing director.
Labour is to launch a review of pensions and simplify the ISA regime. Increasingly relevant given the party’s position in the polls.
Getting on the front foot after recent regulatory reverses perhaps?
Phoenix Group saw an 80 per cent increase in new business inflows in 2023, with £7bn in workplace pensions and savings through Standard Life almost doubling year on year, as Corporate Adviser reports.
Feels like quite a breakthrough.