Displaying items by tag: retirement
Thursday, 16 July 2015 12:21
Sipp-related compensation payouts jump 50%
Average compensation payouts for Sipp related claims increased by around 50%
to £16,375, the FSCS has revealed this morning.
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Wednesday, 15 July 2015 12:23
Pension reforms: Payments worth £1.8billion withdrawn
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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Monday, 13 July 2015 10:45
Provider urges advisers to review their SSAS books
A SSAS provider has urged advisers to review their SSAS books of business following HMRC's increased controls on the new fit and proper test.
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Thursday, 09 July 2015 11:56
Pension Wise extended as annuities plan delayed
Plans for a secondary annuities market will not be implemented until at least 2017 after the Treasury said the move would be delayed.
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Wednesday, 08 July 2015 15:22
'Radical' pension and ISA reforms green paper launched
George Osborne has opened up the possibility of “radical reforms” which could mean pensions become taxed like ISAs.
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Monday, 06 July 2015 10:41
Neil MacGillivray: Bleak future beckons for state pension
The Office of Budget Responsibility (OBR) has recently issued its annual Fiscal Sustainability Report. This report looks at how government spending and revenues may evolve over the next 50 years and how this will impact on public sector net debt.
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Friday, 03 July 2015 10:44
Rising demand is a struggle to handle - Pensions Ombudsman
The Pensions Ombudsman has admitted it has been struggling to cope with rising demand as figures show a 42% increase in investigations over five years.
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Thursday, 02 July 2015 10:34
SSAS firm doubles investment manager pool
A SSAS and Sipps firm has announced it is doubling its pool of investment managers which provide access to discretionary fund management services.
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Wednesday, 01 July 2015 10:29
Standard annuity rate rises to highest level this year
The standard annuity rate rose to its highest level for the whole of 2015 during June, according to figures released this morning.
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Tuesday, 30 June 2015 10:04
'It's clear pension scammers are already preying'
One in five over 55s may have been targeted by scammers looking to trick people out of their savings.
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