More than half a million people will be able to take advantage of the government's changing regulation around pensions on April 6, according to latest official estimates.
A drawdown charge cap should be placed on sales to provider's existing customers to ensure people are not sold inappropriate products after pensions freedom comes into effect, Which? has said.
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Retirement Planner is hosting its third breakfast briefing on 26 March looking at the options and opportunities pensions freedom presents for advisers.
Aegon has launched a dedicated website and interactive tool to assist advisers working with clients on pensions flexibility.
Insurer LV= has called for a levy to be put on transactions where a client purchases a retirement plan from their existing pensions provider.
All defined benefit (DB) pension transfers after 6 April will be regulated by the Financial Conduct Authority (FCA) to ensure mandatory advice has been taken and fully understood.
Advisers should shy away from clients eager to cash in their pension pots and bear in mind annuities are “still key to the advice process” for pots worth £30,000 to £100,000, said 2plan chief executive Chris Smallwood.
Profits at Partnership Assurance dropped 51% to £64m in 2014 due to falling individual annuity sales in the wake of the Budget reforms, latest results show.
LV= has launched an online retirement modelling tool to help advisers select, explain and administer a blend of retirement options.
Pension providers must give consumers looking to access their pension pots after 6 April “personalised risk warnings” before selling them retirement income products, the Financial Conduct Authority (FCA) has said.
Ben Goss outlines the key risk factors associated with retirement planning and how best to tackle them
The income investor knowledge gap is a causing Jasper Berens sleepless nights but he believes advisers can join the dots
Will pensions freedom make SIPPs the most flexible pension product ever? Jeff Steedman certainly thinks so…
DB transfers can come at a cost to clients and advisers, so how should the industry deal with the predicted increase in demand following the introduction of pensions freedom? Nicola Brittain finds out…
Clients looking to transfer out of defined benefit (DB) pension schemes could struggle to find willing advisers and providers to facilitate the shift, leaving them at greater risk of falling victim to fraudsters, Neil MacGillivray has warned.
The Budget reform package coupled with generation Y’s complete disengagement from traditional retirement saving has effectively killed pensions in their current form, according to Michael Johnson.
Client assets could be sitting in inefficient workplace pension default funds. Simon Chinnery explains why advisers should get involved with corporate DC
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