Retirement

Investment | 7 Apr 15

Advisers now have to provide pension trustees with details of any transfer advice they give to members of defined benefit pension schemes, according to final guidance by the UK’s pension regulator.

Retirement | 7 Apr 15

The UK Government’s final Budget before the country takes to the polls in the general election in May revealed plans to extend pension reforms to allow existing annuity holders to sell their contracts from 2006.

Retirement | 7 Apr 15

Leading QROPS providers have outlined concerns including doubts around the benefits of 100% lump sum withdrawals in the wake of the UK pension reforms, after the schemes were denied full flexibility in a U-turn by HM Revenue & Customs.

Retirement | 2 Apr 15

A radical reform of the UK pension system gets underway this month allowing savers in defined contribution schemes much greater freedoms on how they can drawdown and utilise their money.

Retirement | 27 Mar 15

Very shortly, members of private pensions will be able to enter flexible drawdown. Much speculation in the press has surrounded the possibility that people will encash their pensions and spend all their savings leaving them reliant on the state to fund their future, but in reality, will this really happen?