A new Retirement Quality Mark to ensure products operate in the customers’ best interests is set to be launched later this year.
Average income for retired households continued to rise following the economic downturn and has gone above the 2007/08 level – in contrast to non-retired households which have failed to get back to that same peak.
The FCA advised AMPS at the beginning of August that they had issued an alert highlighting some of the risks arising from authorised firms accepting business from unauthorised introducers and lead generators.
Britain’s over 50s are increasingly planning to hold back savings in their pension to pass on their wealth tax-efficiently, a report suggests.
Brexit could spark an offshore pensions clampdown, a pensions firm believes.
As many as 630,000 self-employed people in the UK could be relying upon their business to act as their pension rather than saving, research has suggested.
An ex-Pensions Minister has blasted Theresa May’s new Government for effectively relegating pensions to the second tier.
Consumers choosing income drawdown without using a regulated adviser are to come under the regulatory spotlight.
A so-called post-Brexit ‘punishment Budget’ which could have implications for pensions may only have been delayed rather than scrapped, a Sipp firm’s senior analyst has warned.
Pension tax relief could be an “early casualty” of the UK’s decision to vote to leave the EU, a leading analyst believes.
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