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Number of ‘unsustainable’ pension withdrawals hits record high
The proportion of pensions being drawn down at 8% or over has hit its highest recorded level for pots of all sizes, according to analysis of the latest FCA data.
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Pimfa calls for road map as pension withdrawals surge
Wealth manager trade body Pimfa has called for a clear tax road map to stem the tide of people accessing their tax-free pension cash because of speculation and headlines.
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Wealthy clients rethink inheritance plans on Budget rumours
Wealthy clients are increasingly seeking advice on inheritance tax and estate planning amid growing speculation ahead of the Autumn Budget, according to wealth manager Rathbones.
The average retirement age has risen to 65 years for men and 62 years for women, according to the Office for National Statistics.
A series of amendments have been issued by the Department for Work and Pensions ahead of auto-enrolment implementation.
Pension provider Dentons has added a new product to its range, the Dentons Sipp.
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