Retirement
Retirement | 24 Apr 15
UK annuity rates drop to ‘all-time low’
Standard annuity rates have fallen to an all-time low, just three weeks after the new UK pensions regime came into force.
Retirement | 14 Apr 15
Gov’t urged to protect ‘insistent’ consumers against DB pension transfers
The Personal Finance Society has written to the UK Government calling for increased protection for clients who insist on cashing in their pensions against the advice of a financial adviser.
Cashing in pension pots dominates UK calls
Canada Life said about 75% of the customer calls it has received since the UK pension reforms came into effect on 6 April have been from individuals who want to cash in their pension pots.
Retirement | 10 Apr 15
FOS upholds four new Harlequin complaints
The Financial Ombudsman Service (FOS) has upheld complaints from four individuals who claimed they had been given “unsuitable advice” to transfer their pension savings into troubled overseas investment scheme, Harlequin.
Retirement | 8 Apr 15
Cash drawdown favoured option in UK pension reforms
Major UK pension providers have reported a surge in customer inquiries following the new rules governing access to their savings with most seeking to drawdown some of their cash.