Turkey approves new auto-enrolment law for private pensions
Turkey’s parliament has approved a new law that will require workers under 45 to be automatically enrolled in a private pension plan, in a bid to boost the country’s retirement savings.
Australian retail pension fund to return to HMRC Rops list
International pension provider IVCM said an Australian superannuation plan it runs in conjunction with Tidswell Financial Services had received confirmation from HM Revenue & Customs that it will appear on the official Recognised Overseas Pension Schemes (Rops) list shortly.
FCA to investigate absolute return funds
The Financial Conduct Authority (FCA) plans to investigate absolute return funds as part of its review into the asset management market, amid poor performance despite the flood of money being pumped into the strategy.
Investment | 15 Aug 16
AJ Bell launches low cost managed portfolio service
Investment platform AJ Bell has launched a new managed portfolio service (MPS) with an annual management charge of 0.25% + VAT.
Retirement | 15 Aug 16
Some UK savers withdrawing ‘too much’ from pensions, says ABI
Some British savers are withdrawing too much cash from their pension pots and are at risk of running out of money within a decade or less, the Association of British Insurers (ABI) has warned.