Retirement

Retirement | 18 Oct 16

The UK government has scrapped plans to set up a secondary market in annuities saying “it has become clear that creating the conditions to allow a competitive market to emerge could not be balanced with sufficient consumer protections”.

Best Practice | 14 Oct 16

Sales of personal pensions fell by 6.8% in the second quarter of this year as a leading tax expert urges the UK government to do more to get the country’s retirement savings “back on track”.

Retirement | 14 Oct 16

The UK’s Financial Conduct Authority has directed a “small number” of firms to review all of their non-advised annuity sales from July 2008.

Best Practice | 12 Oct 16

The UK government is considering a number of new pensions options ahead of the Autumn Statement, including one from Hargreaves Lansdown that proposes breaking the link between tax relief and earnings, instead using a system based on the age of the saver.

Best Practice | 11 Oct 16

Belgium’s government has approved a bill that will exempt cross-border pension schemes from tax in a bid to position the country as the number one location for pan-European retirement products.