United Kingdom
£3.4bn in property wealth released in 2020
Money was mostly used to boost financial resilience or make gifts to family
Royal London to offer immediate life cover
Clients will not need to wait for medical evidence or the underwriting to be completed
Fidelity not out to eat advisers’ lunch with wealth mgmt push
Roll out of financial advice venture raises questions about the firm’s role in the UK
20% drop in pension transfers but half still trigger red flags
December was the worst month of 2020 with three-quarters of transfers giving cause for concern
Defaqto unveils drawdown tool
It ‘provides a step-change in the right direction for advisers with clients in the decumulation phase’