Retirement
Best Practice | 31 Aug 16
UK pushes ahead with £500 tax free pension advice allowance
The UK Treasury has set out plans to allow savers to take out £500 ($654, €586) from their retirement pots tax free to help pay for financial advice in a bid to plug the ‘advice gap’ following the pension freedoms.
Retirement | 30 Aug 16
UK advisers expect post-Brexit business boom
More than half of financial advisers (53%) in the UK expect an increase in the number of clients specifically seeking Brexit-related financial planning advice, research from Prudential shows.
Retirement | 26 Aug 16
Calls for more UK pension advice over unexpected tax bills
British savers are being hit with unexpected tax bills after taking money out of their pension pots, research by the Citizens Advice Bureau has found as the charity calls on the government to improve access to financial advice.
Retirement | 25 Aug 16
Rops harder to sell post-pension freedom, say providers
Sales of recognised overseas pension schemes (Rops) are taking a hit following the UK’s pension freedoms introduced last year, made worse by an FCA rule requiring British expats to seek regulated advice for defined-benefit pension transfers.
Retirement | 25 Aug 16
UK rate cut to increase platform fees, says James Hay
IFG Group, the parent company of UK Sipp provider James Hay, has warned that the Bank of England’s (BoE) interest rate cut earlier this month could see platform charges rise.