9 in 10 advisers ‘optimistic’ about business this year

The vast majority of financial advisers (89%) feel positive about their business this year with only 11% pessimistic.

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Phoenix Group AUA slumps by £51bn

Savings and retirement provider Phoenix Group saw assets under administration (AUA) fall 16% to £259bn last year from £310bn in 2021, after it made a pre-tax loss of £1.8bn.

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Major gaps remain in workplace pension awareness

Gaps remain in workplace pension awareness a decade after the introduction of auto-enrolment, new research has revealed. 

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Phoenix Group to acquire Sun Life in £248m deal

Savings and retirement provider Phoenix Group is to acquire closed-book UK life insurer Sun Life UK in a deal worth £248m.

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