Displaying items by tag: pensions
10% of pension savers have cut contributions
One in ten (11%) UK adults paused or reduced their pension contributions in March, according to a new report.
Standard Life drops SIPP charges to appeal to advisers
Standard Life has reduced its personal pension charges for its AMPP and SIPP products as part of a series of upgrades designed to appeal to financial advisers.
HNW savers underestimate pension funding by £300,000
High net worth (HNW) savers are underestimating the amount of money they need to save for a comfortable retirement by around £300,000, according to a new report.
Advisers 'shifting away' from fixed rate drawdown
Research of the adviser market has shown a sharp rise in the number using income drawdown modelling tools, with over half (51%) using the tools compared to 38% last year.
2.5m set to face higher rate tax
Pensions expert Steve Webb has warned that an extra two and half million taxpayers could face being dragged into the higher rate tax over the course of the current Parliament.
FCA revamps pension transfer ‘advice checker’ tool
The FCA has relaunched its pension transfer ‘advice checker’ tool for consumers to help them assess whether they have received unsuitable advice.
Half of women failing to save for retirement
Women are struggling to save for later life with 1 in 4 having no pension pot and most saying they find it harder to save than men.
AJ Bell opposes FCA plans for ‘default’ pension fund
AJ Bell has opposed FCA plans for a default investment fund for non-workplace pensions.
FCA confirms SIPPs must be on Pensions Dashboards
The Financial Conduct Authority has published a consultation paper today on Pensions Dashboards which explicity confirms that SIPPs will be included in Pensions Dashboards.
State Pension may fail millions as life expectancy rise slows
Projections from the government's Office for National Statistics suggest that the rise in life expectancy over recent years is slowing down.