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Research carried out for the second anniversary of the pension freedoms has revealed major changes in pension saving with millions saving more but also being more realistic about their retirement pots.
The much-vaunted Pensions Dashboard, a project to allow pensionholders to view all their pension savings in one place, will move a step forward next week as developers compete to build potential applications.
The Association of Member-Directed Pension Schemes (AMPS), the body representing SIPP operators and SSAS practitioners, has voiced concerns about introducing a product levy to fund the FSCS and says the role of advice in causing later claims needs to be studied.
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Comment and Blogs
A-Day on 6 April 2006 ushered in a new taxation regime for pensions, under the heading of Pension Simplification (no sniggering at the back, please).
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The FOS has ruled against an IFA firm over a Sipps case, concluding that ‘unsuitable advice’ was given.
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