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Displaying items by tag: pensions

Thursday, 30 June 2022 14:20

10% of pension savers have cut contributions

One in ten (11%) UK adults paused or reduced their pension contributions in March, according to a new report.

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Standard Life has reduced its personal pension charges for its AMPP and SIPP products as part of a series of upgrades designed to appeal to financial advisers.

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High net worth (HNW) savers are underestimating the amount of money they need to save for a comfortable retirement by around £300,000, according to a new report.

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Research of the adviser market has shown a sharp rise in the number using income drawdown modelling tools, with over half (51%) using the tools compared to 38% last year.

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Wednesday, 18 May 2022 16:59

2.5m set to face higher rate tax

Pensions expert Steve Webb has warned that an extra two and half million taxpayers could face being dragged into the higher rate tax over the course of the current Parliament.

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The FCA has relaunched its pension transfer ‘advice checker’ tool for consumers to help them assess whether they have received unsuitable advice.

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Tuesday, 12 April 2022 19:09

Half of women failing to save for retirement

 Women are struggling to save for later life with 1 in 4 having no pension pot and most saying they find it harder to save than men.

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AJ Bell has opposed FCA plans for a default investment fund for non-workplace pensions.

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Friday, 11 February 2022 15:32

FCA confirms SIPPs must be on Pensions Dashboards

The Financial Conduct Authority has published a consultation paper today on Pensions Dashboards which explicity confirms that SIPPs will be included in Pensions Dashboards. 

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Projections from the government's Office for National Statistics suggest that the rise in life expectancy over recent years is slowing down.

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