News in brief - 24 January 2020

Hymans Robertson has launched a new investment pathways tool.

A new tool from Hymans Robertson will allow pension providers to personalise how they present their FCA Investment Pathway choices to customers. The Guided Outcomes technology will also allow customers to see their potential retirement income with each of their four investment pathways, while also featuring a personalised longevity forecast and guidance on sustainable drawdown rates.

Buck’s annual UK revenue climbs by 11 per cent.

Buck has achieved 11 per cent UK revenue growth in its first full year as an independent business. The firm said it had enjoyed strong demand for its retirement, investment consulting, pensions administration and employee benefits services, with each of its business lines making a positive contribution to growth.

LV= waives of first year service fees for smoothed pension funds.

LV= will waive annual service charges of 0.15 per cent for its Flexible Transition Account for new customers who sign up between 22 January and 5 April 2020. The mutual insurer added that qualifying pension plans must be fully invested in Flexible Guarantee Funds and cases should be completed by 31 May 2020.

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