Retirement
Lessons to be learnt from LandGs pensions pilot
A pilot scheme for pensions guidance introduced by Legal & General saw only 2.5% of retirees take up the offer, but the firm has said there are lessons to be learnt from the pilot.
Retirement | 20 Nov 14
Pension abusers could face 300 fine
A fine of £300 could be imposed on those who deliberately abuse the new pension tax rules.
Retirement | 14 Nov 14
Have pension will travel
Expatriates looking for greater income freedom and estate-planning options for their UK pension savings will no longer need to transfer to a qualifying recognised overseas pension scheme (QROPS) and wait for 10 years. These freedoms will be available back home within six months without having to transfer overseas.
Retirement | 7 Nov 14
Pension inheritors escape 55 death tax
Pension assets being passed on after death will not be subject to the 55% “death tax” from 6 April next year, following further pension amendments from the UK government.
Retirement | 6 Nov 14
Reforms lead UK clients to prioritise
Next years pension reforms have led UK clients to prioritise the importance of their retirement planning, says Canada Life.