United Kingdom
Retirement | 24 Feb 17
Drawdown beats annuities but pension cash is king
More than half of UK pension pots accessed for the first time were withdrawn entirely as cash lump sums in Q3 2016. Drawdown proved twice as popular as annuities but a fall in the number of people seeking advice before making pension decisions has some in the industry concerned.
Retirement | 23 Feb 17
UK’s Prudential to enter DB transfer advice market
UK insurance giant Prudential said it will begin offering clients advice on the increasingly contentious area of defined benefit (DB) pension transfers.
United Kingdom | 23 Feb 17
Product providers must crackdown on scams, urge advisers
Product providers and trust companies must take more care in ensuring unregulated funds don’t end up inside Rops and life company wrappers, Simon Gould, founder and director of Bristol-based Gould Financial Planning has urged.
Tax & Regulation | 23 Feb 17
One in 10 calls to the FCA about scams
More than one in 10 consumers contacting the Financial Conduct Authority (FCA) do so to report a financial scam and to find out what they can do about it, the UK regulator revealed Thursday.
Tax & Regulation | 23 Feb 17
UK Budget could see further cuts to lifetime allowance
The UK’s lifetime allowance (LTA) for pension savers could be slashed again in the Spring Budget next month, according Markas Gilmartin, founding partner of Bristol-based IFA firm Epoch Wealth Management.