Displaying items by tag: pensions

The Government is consulting on proposals to bring forward the rise in the State Pension Age to 68 from 2044 to 2037 resulting in millions being forced to wait longer for the state pension.

The Financial Conduct Authority wants pension providers, including SIPP firms, to offer a default investment option to non-workplace pension clients.

Over half (54%) of UK adults have had their plans to retire affected by the Coronavirus pandemic, according to new research.

In the space of 24 hours earlier this month we had two new pieces of legislation which impact pension transfers. The fireworks started early on the anniversary of the discovery of the gunpowder plot, with the publication of the Finance Bill (No. 2) which includes the new rules on changes to normal minimum pension age (NMPA). Bonfire Night itself caused less of a bang with the introduction of the new rules on the statutory right to transfer.

The House of Lords has voted to reject a controversial bill to suspend the Pensions Triple Lock and instead sent the bill back to the Commons to be reconsidered.

The decision to raise the normal minimum pension age (NMPA) from 55 to 57 was announced back in 2014 at the same time as Pension Freedoms. Clearly this wasn’t the big headline at the time but now we have draft legislation we are seeing news stories as some of the complexities of how the change is being implemented come to light.

Debbie Seaton and Nathan Bridgeman have launched a new SSAS provider, SeaBridge SSAS.

A new survey has revealed that 99% of DB pension transfers clients move their money into SIPPs. 

Pension transfer values briefly hit a new high in August as the FCA reviews potential redress for unsuitable transfer advice.

Women are now almost twice as likely as men to feel ‘on the back foot’ on retirement planning as the Coronavirus pandemic battered their confidence, according to a new report from SIPP and pensions provider Aviva.