Retirement
Retirement | 27 Jan 16
Rate of UK flexible pension drawdowns slows
The number of people taking advantage of the new pension freedoms dropped by 13.3% between the third and fourth quarters of 2015, with the total value of funds released down by nearly a third.
Whitechurch added to advisory panel for L&C’s low-cost Qrop
London & Colonial has added Whitechurch Securities to its panel of approved discretionary fund managers for its low-cost Qrop product, the Multi-Platform International Open Pension.
Retirement | 25 Jan 16
Fidelity launches lifetime pension allowance guide
Fidelity International has launched a lifetime allowance (LTA) guide aimed at a growing number of people who have built up significant assets in their pension plans, and face the UK’s LTA falling from £1.25m to £1m in April 2016.
Expected UK retirement income up for third year in a row
Those in the UK planning to retire in the next 12 months expect to receive an annual income that is 4% higher than their peers who planned to retire in 2015, according to Prudential.
Investment | 11 Jan 16
Customers take action over lifetime allowance reduction
Calls from customers on changes to the lifetime tax allowance (LTA) increased fourfold in the second half of 2015, according to Fidelity International (FI), as consumers start to take action ahead of the April deadline.