Two-thirds taking cash from pensions did not seek advice

Two-thirds taking cash from pensions did not seek...

Two-thirds of recent UK retirees who took cash from their pension pots during their first year of retirement did so without seeking any professional advice.

Published : 23, Sep 2016
Limited guaranteed income options a blow to pension freedoms

Limited guaranteed income options a blow to pension...

Annuity rate cuts and all-time low interest rates are risking the success of pension freedoms by limiting the choice of guaranteed retirement income solutions and pushing savers into unprotected drawdown, according to MetLife.

Published : 20, Sep 2016
Macro must play greater role in pensions debate - Bailey

Macro must play greater role in pensions debate...

The macroeconomic aspect of the pensions debate requires more attention said Andrew Bailey, chief executive of the Financial Conduct Authority.

Published : 16, Sep 2016
UK may force insurers to pay for pensions dashboard

UK may force insurers to pay for pensions dashboard...

A UK Treasury official has said the government is looking at introducing a law that would force pension providers to pay towards creating the pensions dashboard.

Published : 13, Sep 2016
 Millennial investors still seek expert advice - survey

Millennial investors still seek expert advice...

Investors under 35, the so-called Millennials, are slightly more willing to take advice from a professional financial adviser than those aged 36 and over, according to a survey by global asset manager Schroders.

Published : 12, Sep 2016
Five questions the UK’s autumn statement needs to answer

Five questions the UK’s autumn statement needs...

With a date of 23 November now set for chancellor Philip Hammond’s first autumn statement, AJ Bell senior analyst Tom Selby has outlined five questions Hammond needs to answer when he takes to the despatch box.

Praemium to buy UK Sipp provider for int’l expansion plans

Praemium to buy UK Sipp provider for int’l expansion...

Australia-headquartered platform technology firm Praemium is to buy UK Sipp provider Wensley Mackay as part of its international plans to tap into the opportunities created by the UK’s radical pension freedom reforms.

Published : 8, Sep 2016
No secondary annuity market service for Hargreaves Lansdown

No secondary annuity market service for Hargreaves...

Hargreaves Lansdown will not offer a service for investors to sell their annuities when the UK government scheme launches next year, citing too many risks for investors.

Published : 6, Sep 2016
UK pensions industry wants tax clarity in autumn statement

UK pensions industry wants tax clarity in autumn...

With no date set for new UK chancellor Philip Hammond’s autumn statement, and no hints as to what it will contain, the financial services industry will continue treading water, said Jon Gwinnett, pensions technical manager at Nucleus.

Published : 5, Sep 2016
Would-be pension savers squeezed by other financial demands

Would-be pension savers squeezed by other financial...

Fewer than a fifth (17%) of UK advisers think that clients who feel squeezed keeping up with bills and repayments would put any extra money towards their pension savings, research from Royal London has found.

Published : 5, Sep 2016
UK pushes ahead with £500 tax free pension advice allowance

UK pushes ahead with £500 tax free pension advice...

The UK Treasury has set out plans to allow savers to take out £500 ($654, €586) from their retirement pots tax free to help pay for financial advice in a bid to plug the ‘advice gap’ following the pension freedoms.

Published : 31, Aug 2016
UK advisers expect post-Brexit business boom

UK advisers expect post-Brexit business boom

More than half of financial advisers (53%) in the UK expect an increase in the number of clients specifically seeking Brexit-related financial planning advice, research from Prudential shows.

Published : 30, Aug 2016
Calls for more UK pension advice over unexpected tax bills

Calls for more UK pension advice over unexpected...

British savers are being hit with unexpected tax bills after taking money out of their pension pots, research by the Citizens Advice Bureau has found as the charity calls on the government to improve access to financial advice.

Published : 26, Aug 2016
Rops harder to sell post-pension freedom, say providers

Rops harder to sell post-pension freedom, say...

Sales of recognised overseas pension schemes (Rops) are taking a hit following the UK’s pension freedoms introduced last year, made worse by an FCA rule requiring British expats to seek regulated advice for defined-benefit pension transfers.

Published : 25, Aug 2016
UK rate cut to increase platform fees, says James Hay

UK rate cut to increase platform fees, says James...

IFG Group, the parent company of UK Sipp provider James Hay, has warned that the Bank of England’s (BoE) interest rate cut earlier this month could see platform charges rise.

Published : 25, Aug 2016
IVCM targets int’l investors with relaunched New Zealand Rops

IVCM targets int’l investors with relaunched New...

IVCM, formerly Brooklands Pensions, is reopening its New Zealand recognised overseas pension scheme (Rops) and will include funds managed by Emirates NBD Asset Management and Vanguard Investments Australia.

Published : 23, Aug 2016
ANALYSIS: Woodford’s bold move puts pressure on whole industry

ANALYSIS: Woodford’s bold move puts pressure on...

The peers of star UK fund manager Neil Woodford have once again been caught off guard by a bold move from Britain’s best known investor.

Published : 22, Aug 2016
Using advisers makes Australians feel more retirement ready

Using advisers makes Australians feel more retirement...

Australians using financial planners or advisers are almost four times more likely to feel financially prepared for their retirement than those who don’t.

Published : 22, Aug 2016
UK savers taking ‘unsustainable’ rate of cash from pensions

UK savers taking ‘unsustainable’ rate of cash...

Almost half of British savers withdrawing money from their pensions may be doing so at an unsustainable rate, according to analysis by asset manager Schroders.

Published : 19, Aug 2016
Scam warning over regulated advisers in pension lib schemes

Scam warning over regulated advisers in pension...

Pension liberation scams are increasingly being endorsed by FCA-regulated financial advisers, advocacy group Pension Life has warned.

Published : 17, Aug 2016
Isle of Man hits out at ‘political’ EU blacklist of tax havens
Isle of Man hits out...

Isle of Man chief minister Allan Bell has questioned...

France, Germany and Italy fighting EU-wide ban on commission
France, Germany and Italy...

France, Germany and Italy are fighting against introducing...

International Adviser Best Practice Adviser Awards 2016 results
International Adviser...

The winners in International Adviser’s inaugural Best...

Guernsey regulator fines Louvre Fund and two directors
Guernsey regulator fines...

Guernsey-based Louvre Fund Services and two of its...

Advisers losing out due to customer experience not price
Advisers losing out due...

Advisers are losing business because they are failing...

Sponsored Content

OTHER STORIES FROM LAST WORD...