Displaying items by tag: pensions
2 in 3 advisers concerned about pot for life proposals
Nearly two thirds (63%) of advisers are concerned about the impact of the Government’s proposed lifetime pension provider model, according to a new report.
Pension challenge as over 90s at record high
The over-90s population in England and Wales grew by 2.1% over 2022 to a record high of 550,835 people, according to data from the Office for National Statistics.
Pension transfers soar 22% in 2023 to 1.2m
The number of defined contribution pension transfers in 2023 soared by 22% to 1.2m despite predictions of a decline in the market.
FCA warns 'reckless' pension transfer specialist of action
The FCA has issued a warning notice to a pension adviser it has branded “reckless” after they gave unsuitable advice to customers to transfer out of their DB scheme over a four year period.
DB transfer values recover but activity remains low
The DB Pensions Transfer Value Index compiled by XPS Pensions increased by 2.6% during November to £156,000, the biggest increase seen since March.
DB pension transfer values fall below £150k
The transfer value a typical DB pension could attract fell below £150,000 in October for the first time since last year’s mini budget, according to pensions and SIPP firm XPS Group.
Pension 'pot for life' predicted for Autumn Statement
Pensions could become more like a bank account into which different employers have to pay, under a shake-up expected in the Autumn Statement.
King's Speech disappoints pension experts
The absence of a Pensions Bill in today’s King’s Speech, was “frustrating” and “disappointing”, according to pension experts.
FSCS quotes SIPP cases in pension warning
The FSCS, the government-backed financial safety net scheme, has published a series of case studies to warn consumers about the potential risks of consolidating pensions into one plan.
Politicians must end Triple Lock uncertainty - call
There has been a clamour of calls from the financial services sector this week for politicians to end the continuing uncertainty over the future of the state pension Triple Lock.