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Displaying items by tag: pensions

Canada Life says it has seen customer enquiries triple in the wake of pension freedom changes.
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A "sting in the tail" could be looming for flexible drawdown clients who could face a HMRC fine of £300 or more.
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Thursday, 26 March 2015 11:40

Regulator pushes pensions dashboard proposal

The Financial Conduct Authority is proposing a pensions dashboard allowing consumers to see all their pension pots in one place, following a study on retirement income it carried out last year.
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So, Budget 2015 brought us another change to the lifetime allowance (LTA), with the proposal to reduce it from £1.25 million to £1 million. This now seems to be the pension policy of choice for at least two of the main political parties.

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The Sipp as originally envisaged by former Chancellor Nigel Lawson is "now an endangered species", a leading expert says, as the 25th anniversary of its creation was marked.
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Sipps related claims are behind a £20m interim levy on life and pensions intermediaries announced by the FSCS today.
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Chancellor George Osborne has confirmed in his Budget today that 5m people will get the freedom next year to sell on their annuities for cash.
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Wednesday, 18 March 2015 14:42

Sipps firm unhappy over lifetime allowance cut

A Sipps administrator has expressed disappointment that the lifetime allowance is to be cut from £1,250,000 to £1m.
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Dangers lie ahead for consumers under plans for the re-selling of existing annuity contracts, a Sipps firm has warned.
Published in Articles
Thursday, 12 March 2015 13:05

Annuity re-sales could be in next week's Budget

The final Budget of this Parliament may feature plans which could lead to a new market in second-hand annuities.
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