Retirement
Retirement | 5 Jan 15
Steve Webb proposes trade in pension policies cash
Retirees could be given the option to trade in their annuities for cash if plans are given the go-ahead.
QROPS clarity remains undelivered
Anticipated clarification around exactly how and whether QROPS will be included in the new Pension Flexibility rules to be introduced in April 2015 were missing from todays Autumn Statement.
Retirement | 25 Nov 14
OMGI distributor deals annuity replacement
Old Mutual Global Investors is at an “advanced stage” of setting up partnerships with selected life companies and platforms to develop pooled fund products for the retirement market, in readiness for next year’s radical UK pension regime reforms.
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.