Retirement
UK advisers to recruit as more pass £1m income barrier
A third of UK advice firms reported annual income of more than £1m ($1.23m, €1.16m) in 2016, with nearly half of all firms planning to recruit in 2017, according to a survey from insurance giant Aviva.
UK pensioners hit with 4% cut in Rops drawdown rates
Pensioners with recognised overseas pension schemes (Rops) face being able take less money from their retirement pots under new income drawdown rates released by HM Revenue & Customs (HMRC) this week.
Best Practice | 18 Jan 17
IoM issues pension transfer warning after rise in UK scams
The Isle of Man Financial Services Authority (IoMFSA) has advised residents to tread carefully when making decisions about transferring or investing their pensions, following a rise in scams in the UK.
Retirement | 11 Jan 17
Guaranteed retirement income products may not be worth it
Retirement income products with guarantees, offered by many life companies in the UK as an alternative to the old fashioned annuity, do not offer value for money in most cases, according to a study by Milliman, an international consultancy group.
Retirement | 20 Dec 16
Providers cautious about abolishing Rops ‘advice safeguard’
Providers of recognised overseas pension schemes (Rops) have voiced concerns over the UK’s plan to scrap the advice safeguard for expats, with some arguing that the move may create a “consumer protection gap”.