New research from wealth management and Financial Planning group Tilney has revealed that most people remain in the dark about what to do with their pensions on retirement but most still want the ‘certainty’ of an annuity-style income.
A dispute over whether cashflow modelling is to become “effectively mandatory” for DB transfers has broken out between a software firm and the FCA.
Longevity and a decade of historically low interest rates have created “a dangerous cocktail” for the over-50s generation, according to new joint research by the London Institute of Banking & Finance and Seven Investment Management.
Mattioli Woods is to cease providing pension transfer advice to individuals with safeguarded benefits and is now undertaking a full review.
The managing director of global advisor firm Duff & Phelps has said Pension Freedoms have encouraged scammers.
Research by Aegon has revealed that 64% of people had multiple pensions.
Protecting consumers from unscrupulous scammers and conmen has been a priority for the financial services industry for some time.
PIMFA has defended contingent charging in a robust response to the FCA’s consultation on improving the quality of pension transfer advice.
The AMPS conference in London yesterday featured a warning on the increasing proliferation of ‘ambulance chaser’ companies seeking to press claims against SIPP providers.
A senior director at The Pensions Regulator has called on pension holders to be more vigilant to combat increasingly "clever and devious" scammers.
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