Pensions minister Steve Webb has put annuity reform at the top of his wish list should he remain in post after the election.
Sales at annuity provider Partnership were down more than 70% over the past three months of trading, the firm has said.
The predicted drawdown explosion post-April 2016 is an “excellent opportunity” for advisers, writes David Hughes, but can it be done without administration overload?
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Old Mutual Wealth is removing the annual pension drawdown fee and scrapping the current minimum charge on its platform in order to simplify its charging structure.
Scottish Widows has launched a website dedicated to helping people understand their retirement options post-April 2015 in light of the Budget changes.
Members could be losing money because administrators are taking longer to process defined benefit (DB) pension scheme transfers, according to experts.
A third of employees think firms which offer a pension scheme should also offer access to full financial advice in the workplace, research from Scottish Widows suggests.
Is the guidance guarantee enough when it comes to drawdown? Austin Broad thinks not…
George Osborne’s latest pensions taxation policy equates to ‘a mighty big shove into drawdown’, writes Rachel Vahey…
The Chancellor’s pension revolution continued as he scrapped the 55% ‘death tax’ at the Tory Party conference, handing drawdown another advantage over annuities. Jenna Towler gauges industry reaction…
One in eight people aged over 50 has been approached by fraudsters offering early access to their pension pot, according to research from Fidelity Worldwide Investment.
The fallout for victims of pension scams will be greater than expected due to under reporting, according to the Pensions Advisory Service (TPAS).
The government should pay for the guidance guarantee’s first year of operation instead of charging the industry through a levy, according to MGM Advantage.
Wake-up packs for people approaching retirement should be scrapped in favour of a simple pensions passport to help make it easier to shop around, Hargreaves Lansdown has said.
Just Retirement has posted full year underlying pre-tax operating profits of £97m, 3% lower than last year.
Stephen Lowe looks at the post-Budget retirement landscape and asks if the guidance guarantee is enough.
The Chancellor’s pension reforms will see over-55s take out a total of about £5bn from their pension pots after the rules change in April next year, an actuarial firm predicts.
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