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Displaying items by tag: pensions

The FCA is planning to update the methodology used to calculate redress owed to consumers given unsuitable advice to transfer out of a defined benefit pension scheme.
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Advisers have almost wholeheartedly backed SSASs despite calls for a ban.
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Thursday, 09 March 2017 12:40

Pension experts unhappy with Hammond over MPAA

Pension professionals are unhappy that the Chancellor has ploughed ahead with the cut of the Money Purchase Annual Allowance.
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Tuesday, 07 March 2017 12:11

FOS rules against firm over pension transfer

The FOS has ruled a firm was wrong over its claims that a man it advised was an insistent client and ordered it to pay compensation.
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The number of individuals breaching the annual allowance limit for pension tax relief rose by 79%, new figures have shown.
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Talbot and Muir has changed its data capture process after HMRC ramped up its due diligence.
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Fergus McDiarmid, Partner and Property in Pensions Team Lead at Scottish law firm Morton Fraser, writes about why he believes the Sipp sector is showing resilience in difficult times.
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The top 20 firms with the highest proportion of FOS complaints resolved in favour of the consumer in the life, pensions and decumulation category have been named.
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A national IFA group fears that Treasury pension proposals will hurt the sick and redundant.
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A flexible retirement, involving a gradual reduction of hours and stopping work at an acceptable age, is likely to be a mirage for millions of people based on current levels of saving.
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