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Financial advisers have broadly welcomed the FCA’s new proposals for targeted support for pension savers but have warned more clarity is needed if they are to succeed.

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Many people are failing to prioritise retirement planning until age 55, according to a new report which paints a worrying picture of late or poor preparation.

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Tuesday, 27 August 2024 12:36

Future retirees less likely to leave inheritance

Two thirds (68%) of UK adults believe it’s important they leave an inheritance, but mortgage and rental costs are hitting their hopes of handing down a legacy.

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More than one million families are expected to contain more than one retired generation by 2034 – a 32% increase on the 813,000 multi-retiree families seen currently, according to a new study.

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Tuesday, 17 October 2023 09:58

SJP ditches exit charges in major fee revamp

After intense pressure from several quarters, wealth manager St James's Place said today that it would scrap most exit charges in a major overhaul due to be implemented in the second half of 2025.

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St James's Place, one of the UK’s largest wealth managers and a significant SIPP adviser, suffered a 21% fall in its share price at one point today after announcing a review of its much-criticised fees and charges.

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Tuesday, 29 August 2023 09:17

Barnett Waddingham hires head of SIPP finance

Barnett Waddingham has appointed former St James Place Wealth director Neil Howitt as its new head of SIPP Finance.

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A study for wealth manager St James’s Place has revealed major regional differences in pension sharing on divorce, some of which could negatively affect women.

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Tuesday, 25 October 2022 11:06

Only 13% of divorcing couples split pensions

Pensions are split between couples in less than one in eight (13%) divorces, according to new research by wealth manager St James’s Place (SJP).

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Wednesday, 09 February 2022 08:59

Westbridge’s Tilley to take up AMPS interim chair

Martin Tilley, head of technical at Westbridge SSAS, has been appointed interim chair of The Association of Member-Directed Pension Schemes (AMPS).

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