Pension

Retirement | 14 Nov 14

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.

Industry | 13 Nov 14

Income drawdown is “unlikely to be suitable” for pensions under £50,000 in the current market, the Financial Conduct Authority’s (FCA) director of policy has said.

Tax & Regulation | 10 Nov 14

National trade unions from around the globe have agreed to tackle “deeply damaging” aggressive tax avoidance in pension funds by revamping international tax rules.

Retirement | 7 Nov 14

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

Next years pension reforms have led UK clients to prioritise the importance of their retirement planning, says Canada Life.