Retirement
Retirement | 24 Nov 15
Call for pension transfer warning to stem ‘growing problem’
Insistent clients seeking pension freedoms under the UK’s new rules are creating a conflict of interest for financial advisers in relation to transfers of defined benefit pension schemes, according to the UK’s Personal Finance Society.
Retirement | 10 Nov 15
Old Mutual warns of UK pension transfer IHT trap
Savers suffering from ill health could see their pension pots subject to inheritance tax if they transfer to a scheme that gives them greater access to the UK’s pension flexibilities, Old Mutual Wealth has warned.
Retirement | 9 Nov 15
Green light for largest defined benefit insurance buyout in UK
The retirement for 26,000 members of the Philips UK Pension Fund has been secured as the country’s largest full scheme insurance buyout has concluded.
Retirement | 5 Nov 15
US and Aus reveal ‘detrimental outcomes’ of UK pension freedoms
An examination of the impact pension freedoms have had on other countries exposes the potential downsides and risks facing UK retirees and the British state, a think tank has warned.
Retirement | 3 Nov 15
Billions withdrawn under UK pension freedoms, but common sense prevails
More than half of the funds being invested under the new pension freedoms have been invested in income drawdown products, with the remainder buying annuities, reports the Association of British Insurers (ABI).