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Pension Freedoms

Old Mutual warns of UK pension transfer IHT trap

Retirement | 10 Nov 15

Old Mutual warns of UK pension transfer IHT trap

Savers suffering from ill health could see their pension pots subject to inheritance tax if they transfer to a scheme that gives them greater access to the UK’s pension flexibilities, Old Mutual Wealth has warned.

US and Aus reveal ‘detrimental outcomes’ of UK pension freedoms

Retirement | 5 Nov 15

US and Aus reveal ‘detrimental outcomes’ of UK pension freedoms

An examination of the impact pension freedoms have had on other countries exposes the potential downsides and risks facing UK retirees and the British state, a think tank has warned.

Billions withdrawn under UK pension freedoms, but common sense prevails

Retirement | 3 Nov 15

Billions withdrawn under UK pension freedoms, but common sense prevails

More than half of the funds being invested under the new pension freedoms have been invested in income drawdown products, with the remainder buying annuities, reports the Association of British Insurers (ABI).

UK lawmakers call for action on financial advice gap

Retirement | 18 Oct 15

UK lawmakers call for action on financial advice gap

The UK pension freedoms introduced in April this year are not yet operating as well as they should, and the provision of affordable advice was “woefully inadequate”, a new report from a parliamentary oversight committee found.

Fears over pension freedom liability leave savers unadvised

Retirement | 9 Oct 15

Fears over pension freedom liability leave savers unadvised

UK financial advisers are avoiding giving advice on the full scope of pension freedoms due to concerns they might be held liable later down the line, according to new research.

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Published by Money Map Media – part of G&M Media Ltd Copyright (c) 2024.

International Adviser covers the global intermediary market that uses cross-border insurance, investments, banking and pension products on behalf of their high-net-worth clients. No news, articles or content may be reproduced in part or in full without express permission of International Adviser.