UK retirement income down 46% since the financial crash

UK retirement income down 46% since the financial...

People retiring now must cope with pension income that is 46% lower than they could have expected had they retired immediately before the global financial crisis, analysis from Fidelity International has found.

Published : 21, Aug 2017
Sharp rise in UK advice firms providing pension transfers

Sharp rise in UK advice firms providing pension...Lock icon

There has been a 17% increase in the number of UK financial advice firms with regulatory permission to conduct defined benefit (DB) pension transfers over the past financial year, as demand from clients continues to rise.

Published : 9, Aug 2017
Trust in pension advice being destroyed warns advice firm boss

Trust in pension advice being destroyed warns...Lock icon

The public’s trust in pension advice is being destroyed by “so-called industry experts”, the boss of retirement advice firm UK Workplace Solutions has warned.

Published : 8, Aug 2017
Questions advisers must ask before clients move to Portugal

Questions advisers must ask before clients move...Lock icon

UK advisers with clients looking to move to Portugal and make the most of tax-efficient opportunities but avoid costly mistakes need to consider seven key questions, according to international wealth and tax management firm Blevins Franks.

Defunct Ethical Forestry investors urged to claim compensation

Defunct Ethical Forestry investors urged to claim...Lock icon

Investors in collapsed Costa Rican tree investment group Ethical Forestry have been urged to make claims for compensation on the grounds that their original investment could have been mis-sold.

Published : 2, Aug 2017
Aussie and IoM schemes boost UK Rops list as transfers drop

Aussie and IoM schemes boost UK Rops list as transfers...Lock icon

HM Revenue & Customs’ list of recognised overseas pension schemes (Rops) has grown by 10% on the back of more schemes from Australia and the Isle of Man being added. This rise, however, follows official figures showing that the number of Qrops transfers hit its lowest level for six years last year.

Published : 1, Aug 2017
Five Sipp facts not many people know

Five Sipp facts not many people knowLock icon

An estimated one million people have opted for self-invested personal pensions (Sipp) as they offer a wide choice and the freedom to invest almost anywhere. Hargreaves Lansdown have put together some of the lesser-known facts about the increasingly popular retirement vehicle.

Published : 31, Jul 2017
Top 10 countries for older people

Top 10 countries for older peopleLock icon

Dramatic increases in the number and proportion of older people is a struggle facing countries around the globe. Researchers at Columbia University and the University of Southern California have developed a barometer to assess, using five social and economic indicators, which are the best countries to grow old in.

Published : 28, Jul 2017
Qrops market suffers big hit, further falls expected

Qrops market suffers big hit, further falls expected...Lock icon

The number of Qrops transfers in the last financial year dropped to the lowest level since 2010/11 and is expected to fall further on the back of the UK Government’s 25% charge, as the amount of money accessed via the pensions freedoms hits a record high.

Published : 26, Jul 2017
Five steps to planning a tax-efficient return to the UK

Five steps to planning a tax-efficient return...Lock icon

International tax and wealth management firm Blevins Franks has identified five key planning issues for UK citizens wanting to avoid punitive tax implications when making their move from Europe back to Britain. Click on the slides below to see them.

Published : 26, Jul 2017
SimplyBiz launches DB pension transfer bureau

SimplyBiz launches DB pension transfer bureau

Financial adviser support firm The SimplyBiz Group has launched a defined benefit (DB) pension transfer service for advisers who need specialist guidance.

Published : 26, Jul 2017
STM launches Sipp for international clients

STM launches Sipp for international clients

STM Group has launched a UK-based self-invested personal pension (Sipp), designed specifically for international clients with UK pensions, taking advantage of recent changes impacting the Qrops market.

Published : 17, Jul 2017
UK pension transfer changes – what are the risks for advisers?

UK pension transfer changes – what are the risks...Lock icon

The FCA has proposed overhauling the rules for advising on DB to DC pension transfers. Rob Morris, partner at RPC, looks at the risks these changes create for financial advisers and their insurers.

Published : 17, Jul 2017
Advised clients £40,000 better off

Advised clients £40,000 better off

Those receiving financial advice are, on average, £40,000 ($51,468, €44,973) better off than their peers who do not, research from the International Longevity Centre UK (ILC-UK) has found.

Published : 13, Jul 2017
Gay man wins for equal pension rights in landmark UK court case

Gay man wins for equal pension rights in landmark...

The UK Supreme Court has ruled that same-sex couples have the same rights to pension death benefits as heterosexual couples in a landmark case involving a final salary scheme.

Published : 12, Jul 2017
Qrops ‘wide-open to mis-selling’ under FCA transfer reforms

Qrops ‘wide-open to mis-selling’ under FCA transfer...Lock icon

The UK financial services regulator has “failed to deliver a working model” for overseas pension transfers, says industry expert Bethell Codrington, amid concerns the Financial Conduct Authority’s (FCA) planned overhaul leaves products such as Qrops “open to mis-selling”.

Published : 12, Jul 2017
Five things you need to know about Qnups

Five things you need to know about QnupsLock icon

For years, qualifying non-UK pension schemes (Qnups) have been seen as a niche product relegated to the realms of ‘aggressive tax planning’, says Martin Hall, director of Isle of Man-based pension provider Optimus. Here he reveals five reasons why it’s time for advisers to re-evaluate their position.

Published : 10, Jul 2017
FCA orders yet another firm to cease pension transfers

FCA orders yet another firm to cease pension transfers...Lock icon

UK advice firm Heather Dunne IFA (HDIFA) has been ordered by the Financial Conduct Authority (FCA) to stop proving advice on pension transfers making it the latest in a string of firms to be sanctioned under an industry-wide crackdown.

Published : 7, Jul 2017
Woman fined for not helping in £13m pension scam probe

Woman fined for not helping in £13m pension scam...

An office manager of a firm currently under investigation by the UK’s Pensions Regulator (TPR) for running a suspected £13m (€14.7m, $16.8m) pension liberation scam has been convicted of withholding information.

Published : 7, Jul 2017
Selectapension suspends Qrops transfer service after FCA audit

Selectapension suspends Qrops transfer service...Lock icon

A UK firm which writes third party Qrops transfer reports has suspended its defined benefit pension transfer business following an FCA audit.

Published : 6, Jul 2017

Sponsored Content

FCA bans adviser spouses for 'calculated' deception
FCA bans adviser spouses...

The Financial Conduct Authority (FCA) has barred John...

'Outdated' EU directive will swamp advisers warns expert
'Outdated' EU directive...

International financial adviser Mazars has warned the...

Expats told to divorce and remarry to preserve rights
Expats told to divorce...

A same sex couple told to divorce and remarry to preserve...

Tax avoidance plan promoter gets done for not telling HMRC
Tax avoidance plan promoter...

A tax avoidance scheme promoter has been found guilty...

Foiled UK tax-help scam tally hits million milestone
Foiled UK tax-help scam...

A million costly tax-help scams have been blocked or...

OTHER STORIES FROM LAST WORD...