Retirement
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Billions withdrawn under UK pension freedoms, but common sense prevails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).
Advice costs still weigh on uncertain UK pension savers
Nearly 75% of people surveyed by British insurer Aegon UK said the prospect of having to pay for financial advice puts them off, though of those that have obtained advice, 90% said they were satisfied with the service.
Retirement | 18 Oct 15
UK lawmakers call for action on financial advice gap
The UK pension freedoms introduced in April this year are not yet operating as well as they should, and the provision of affordable advice was “woefully inadequate”, a new report from a parliamentary oversight committee found.