UK investigates ‘defined ambition’ pension schemes

The UK Government is launching an inquiry into collective defined contribution pension schemes, also known as defined ambition, which are commonplace in the Netherlands, Canada and Denmark but not yet permitted in the UK.

Best Practice | 20 Nov 17

Storm brewing over UK pensions

There is a crisis brewing in the retirement income market where there is a lot of freedom but little choice, according to a study published Monday.

Products | 6 Nov 17

IoM pension firm launches cryptocurrency services

Isle of Man-based corporate and pension service provider Optimus is to offer crypto-currency, block chain and Initial Coin Offering (ICO) services.

Adviser rapped for misleading tax scheme ad

‘Unfair’ pension freedom tax refunds hit £262m

HM Revenue & Customs has had to repay more than £262m to consumers that were charged emergency tax since the launch of the pension freedoms in 2015.

Best Practice | 31 Oct 17

Five big factors in the £1.27bn UK wills, probate and trusts market

Fragmented and largely unregulated, the UK wills, probate and trusts market was worth £1.27bn last year, but this is set to grow, according to market research company IRN Research.

Retirement