Retirement
Retirement | 3 Oct 16
Strabens Hall warns Rops fees outweigh benefits
Strabens Hall, the international IFA firm with offices in London and Hong Kong, has advised clients against using recognised overseas pension schemes (Rops), warning that the high charges incurred with using the product can often outweigh the tax advantages they offer.
Best Practice | 3 Oct 16
UK mulls scrapping advice rule for overseas pension transfers
The UK’s Department for Work and Pensions (DWP) is considering whether to scrap the ‘advice safeguard’ for expats, which requires individuals to consult an FCA-regulated adviser before they can transfer their defined benefit (DB) pension savings into an overseas pension scheme.
Retirement | 30 Sep 16
What do retired people need in an income product?
Most people have already accepted that a guaranteed income product for life does not exist, says Tom Hodgson, BlackRock’s strategic partnership director.
Retirement | 30 Sep 16
UK adults in their 30s half as wealthy as those in their 40s
UK adults born in the 1980s have half the wealth as those born in the 1970s had at around the same age, according to a new study.
Retirement | 27 Sep 16
L&G reports record growth in UK and US pensions business
UK insurer Legal & General (L&G) said its retirement unit is on track to double its new business sales in 2016, reporting sales of £5.4bn (€6.2bn, $6.9bn) on Tuesday.