The pension is effectively becoming the new family heirloom, a Chartered Financial Planner says, as younger generations look to inherit cash rather than things.
A new Retirement Quality Mark to ensure products operate in the customers’ best interests is set to be launched later this year.
The FCA advised AMPS at the beginning of August that they had issued an alert highlighting some of the risks arising from authorised firms accepting business from unauthorised introducers and lead generators.
A minority of pension holders appear to have forgotten why they saved in the first place, an analyst says, after new data showed they might run out of money in less than a decade.
So, finally the Sipp industry will see the new capital adequacy rules come into force on 1 September 2016.
2016 has been another year of consolidation in the Sipp industry, this can be seen as good or bad depending on who you are and more importantly, where the Sipps end up.
Britain’s over 50s are increasingly planning to hold back savings in their pension to pass on their wealth tax-efficiently, a report suggests.
A pension liberation company has been shut down after an Insolvency Service investigation, which uncovered investments of over £3.3million.
Baroness Altmann has hit out at coverage of her comments on changing the triple lock pensions policy, saying her words have been “grossly misrepresented”.
Brexit could spark an offshore pensions clampdown, a pensions firm believes.
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