A significant number of soon to be retirees are expecting to be reliant on their children for financial support after they stop working, a report suggests.

AXA UK has agreed to sell its remaining, non-platform UK investment and pensions business, and its direct protection business SunLife, to Phoenix Group Holdings.

New research has found that the vast majority of grandparents want to leave their grandchildren a legacy and most want to ring-fence the money but they do no trust their children to pass on the money to their grandchildren.

SunLife, the direct-to-consumer financial services company, has appointed Mark Jones as protection director from LV=. Read more...