More than 40 pension and annuity experts say more information on flexible pensions must be delivered online and through other forms of guidance such as via the telephone and face-to-face.
Losses due to pension scams were close to £2,500,000 from July to August, police figures have indicated.
A Sipps and SSAS firm has decided to scrap all member “transfer out” fees for UK based schemes.
A quarter of couples plan to take advantage of pension freedoms to make sure they leave an inheritance to their families, according to new research.
Research has found that nearly half of UK employers are concerned about older workers deferring retirement due to inadequate retirement savings.
The Association of British Insurers has revealed that around 80% of cash lump sum withdrawals were made by people who had not reached 65 years of age.
The FCA is to review its pension rules post the pension reforms to address the, “risks and challenges faced by consumers in the new retirement market.”
The pension reforms and the rise in life expectancy are fuelling demand for financial advice during retirement, according to research among financial advisers.
Now nominations are nothing new, members have been able to nominate dependants to receive pension death benefits and beneficiaries to receive a lump sum.
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