Retirement
Qrops ‘fire sale’ averted as reforms survive Finance Bill cull
Reforms overhauling overseas pension transfers may have survived the UK government’s wide-ranging cull of the Finance Bill in a bid to avoid a “fire sale” of Qrops, according to Rachael Griffin, financial planning expert at Old Mutual Wealth.
Retirement | 26 Apr 17
Pension freedom withdrawals break through £10bn barrier
UK consumers withdrew £10.8bn ($13.8bn, €12.7bn) from their pensions during the first two years of the pension freedoms.
Middle East | 26 Apr 17
Zurich on how to become a millionaire by 65
Starting early with pension saving and using the benefits of compound interest is one of the best ways to ensure you become a millionaire by 65, says Amrita Sethi, head of marketing at Zurich International Life.
Retirement | 25 Apr 17
UK ombudsman blasts Sipp transfer into Ukrainian property fund
A UK investment firm provided a client with “unsuitable advice” after recommending he invest nearly £50,000 (€58,937, $63,995) of his savings in an unregulated Ukrainian property scheme that later ran into trouble.
Best Practice | 24 Apr 17
How the Qrops levy will impact UAE pension planning
Old Mutual Wealth’s David Denton talks about how the shock 25% Qrops charge imposed by the UK last month will affect retirement planning in the UAE.