Retirement
Fidelity to compensate client for Sipp misinformation
The UK Pensions Ombudsman has upheld a complaint against Fidelity International for “significant distress and inconvenience” suffered by a client who was misinformed about holding investment trusts in her Sipp.
Women in drawdown £47,000 worse off than men
Women in drawdown face a 37% shortfall in their annual retirement income compared to men, leaving them more than £47,000 ($66,542, €53,935) worse off, according to a report from Zurich UK.
Best Practice | 6 Apr 18
Two in three still confused by pension freedom rules
Despite being three years since HM Revenue & Customs introduced the pension freedoms, two out of three people over the age of 55 say they are still confused by the regulations.
Momentum Pensions launches online Sipp portal
Momentum Pensions is positioning itself for further expansion in the growing UK Sipp market by launching a portal that enables applications to be submitted online.
Best Practice | 28 Mar 18
One in eight retiring with no pension
Twelve percent of people retiring this year have made no provision for their retirement, with 10% either totally or somewhat reliant on the UK state pension, research from Prudential has found.