Demand for annuities appears to have climbed, with sale increases suggesting somewhat of a recovery since the slump in April, research has shown.
The pensions industry must act swiftly and decisively itself on ‘excessive’ exit fees or it will be forced to do so by new legislation, a Sipp firm expert says.
A Leicestershire-based firm of independent financial advisers is to create its own white labelled full Sipp.
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.
A pension advisory business has reported 11 possible pension scam companies that are appearing in Google ads or search results.
Fines worth just under £170,000 were handed out to firms for auto-enrolment failings in the 12 months from April 2014.
Money troubles are what soon-to-be retirees fear most – more so than their health - a poll suggested.
The Pensions Regulator has pledged to ensure that the one million-plus small and micro businesses preparing for automatic enrolment get it right.
Average compensation payouts for Sipp related claims increased by around 50%
to £16,375, the FSCS has revealed this morning.
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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