A "combination of politics and pensions" contributed to slower sales across platforms in the first three months of the year, with the year-on-year (YOY) asset growth rate also receding, according to research.
Insurer Zurich is to pass its £1.2bn legacy annuities business covering 28,000 clients to specialist Rothesay Life.
An investment industry wish list
Zurich has expanded its platform offering to include a discretionary fund management service for the first time.
Zurich UK Life is to boost its investment proposition for advisers with the launch of an authorised corporate director (ACD) service, which will allow it to launch own-branded funds managed by a number of external partners.
Zurich has overhauled its platform fee structure and announced a cut in its initial investment charge for all clients.
Zurich is not interested in participating in a platform price "race to the bottom", its head of retail platform strategy has said.
Kames Capital CEO Martin Davis talks to Anna Fedorova about Scottish independence, rebranding, and the group's plans to diversify away from the fixed income space.
Insurer Zurich welcomed the regulator's pledge to re-open the long-stop debate but suggested it should be looking at more options than just a 15-year liability period.
Richard Romer-Lee's recently launched consultancy firm Square Mile Investment Consulting & Research is set to launch a ratings service and a recommended fund list.