What UK pension investors should look out for in 2016
By Kirsten Hastings, 17 Dec 15
After seismic changes to the pensions landscape, 2016 looks like being another year of upheaval. Here are the main things Hargreaves Lansdown think investors should look out for.
Auto-enrolment
Auto-enrolment will step up a gear, with the steady flow employers going through staging turning into something of a flood. By the end of the year over 500,000 employers will have gone through staging. The last 3 months of 2016 will see an estimated 156,000 employers hit their staging date.
Financial Advice, Guidance and Retirement Outcomes
The joint Treasury / FCA advice and guidance review is expected to report in time for the Budget next March. This could free up access to low cost simple advice and guidance to help people plan their finances. One of the key areas of the ‘advice gap’ is around taking benefits from a pension.
The FCA is also looking at this issue and will be publishing further research and guidance on helping and protecting pension investors as the year progresses.
Tags: Hargreaves Lansdown | Pension
