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Nearly a fifth of consumers may be planning to withdraw cash from pensions to drip-feed it into an ISA once they turn 55, according to new data.
Pension holders should be able take out a small amount from their pot to pay for pre-retirement advice, a major review has proposed.
Looking at the UK’s first State Pension Age review...
I was writing an article the other day in which I made the point that, with the changing demographics in the UK, one of the Government’s main tools for controlling costs and behaviour is the State Pension Age (SPA).
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Radical pension reforms could significantly boost the pension savings of the majority of earners, but at the cost of substantial losses to high earners and major disruption to the industry, a report concluded.
A co-founder of a leading Sipps firm says the FCA is looking to the sector to become smaller but formed of well-run, financially strong operators.