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Displaying items by tag: pensions

Losses due to pension scams more than tripled to nearly £5m in the month after the pension reforms took effect as liberation scams tripled, new figures suggest.
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A pension advisory business has reported 11 possible pension scam companies that are appearing in Google ads or search results.
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Fines worth just under £170,000 were handed out to firms for auto-enrolment failings in the 12 months from April 2014.
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Money troubles are what soon-to-be retirees fear most – more so than their health - a poll suggested.
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A new Peer to Peer lending and crowdfunding platform review service has been launched by Sipp Investment Platform.
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The Pensions Regulator has pledged to ensure that the one million-plus small and micro businesses preparing for automatic enrolment get it right.
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Thursday, 16 July 2015 12:21

Sipp-related compensation payouts jump 50%

Average compensation payouts for Sipp related claims increased by around 50%
 to £16,375, the FSCS has revealed this morning.
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Savers took out £800m worth in payments from income drawdown policies in 170,000 withdrawals in the first two months after the pension reforms kicked in.
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A SSAS provider has urged advisers to review their SSAS books of business following HMRC's increased controls on the new fit and proper test.
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George Osborne has opened up the possibility of “radical reforms” which could mean pensions become taxed like ISAs.
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