Pension
RL360° reports strong start to the year
Isle of Man-based RL360° reported a spike in sales of up to 14% in the first four months of this year, building on the 21% hike in new business posted for 2015.
Tax & Regulation | 9 Jun 16
FCA bans two fraudsters over ‘risky’ pension investments
A British financial adviser and his boss have been banned from working in the financial services industry for lying to clients about where they invested pension pots totalling nearly £24m ($34.9m, €30.7m).
Retirement | 8 Jun 16
Brit buries £850k inheritance, Royal Mint open to pensions
The UK’s Royal Mint has opened its doors for the first time to savers looking to buy gold bars as part of their pension plan, though one brokerage firm has revealed that a British pensioner preferred to bury £850,000 ($1.2m, €1.09m) worth of gold in his back garden.
Retirement | 3 Jun 16
Watchdog tells wrongly-advised client to pay £1,700 exit fee
A decision by Friends Life to charge a client a £1,700 exit fee for transferring a planned pension has been upheld by the UK’s Pensions Ombudsman Service (POS), despite being wrongly advised by her IFA.
Retirement | 27 May 16
UK Treasury claims pensioners could lose £32k in Brexit vote
The UK Treasury has claimed a vote to leave the European Union could see almost £5,200 ($7,640, €6,835) wiped off the value of some pension pots.