Pension
Retirement | 24 Mar 16
Retirees shun Lamborghinis, taking just £25k from pensions
The average full withdrawal from pension pots since UK rule changes came into effect in April 2015 was just under £25,000 ($35,346, €31,673), new research by online investment platform AJ Bell shows.
Retirement | 23 Mar 16
UK pension advisers ‘caught out’ by unexpected Sipp charges
More than a third of pension advisers in the UK admit that they have been ‘caught out’ by unexpected charges on self-invested personal pension (Sipp) wrappers, research by retirement specialists Momentum Pensions shows.
Efama urges EU to create Europe-wide pension produc
The European Fund and Asset Management Association (Efama) has urged the European Commission to create a standardised Pan-European personal pension product (Pepp) – in response to ongoing plans to create a single market for financial retail products.
Investment | 16 Mar 16
Osborne introduces Lifetime ISA for pensions and first homes
The chancellor George Osborne has introduced a new Lifetime Isa which allows anyone under 40 to save up to £4,000 each year tax free, with the government giving savers £1 for every £4 saved.
Retirement | 14 Mar 16
UK accountants overwhelmed by pension advice boom
Accountants working in the UK are ill-equipped to deal with the growing demand for personal financial advice following recent changes to early pension access, according to a new poll by retirement lending adviser Bower Private Clients.