New pensions minister Ros Altmann has said she is hopeful existing annuitants will get the opportunity to sell their right to an income for a lump sum.
The pension freedoms afforded to retirement savers in last year’s Budget – and rolled out last month – have raised numerous questions, not least how retirees can be helped to make appropriate decisions.
The advantages of defined benefit (DB) pensions appear lost on some final salary savers who are frustrated by a government rule mandating they seek regulated advice before transferring out, research suggests.
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Only 1% of savers have opted to cash in their pensions completely since the retirement 'freedom and choice' reforms took effect last month, according to the country’s biggest retirement adviser.
Demand for investment trusts is on the up and accelerating but, writes Helen Oxley, getting hold of them on behalf of clients still isn't as straightforward as it should be...
New pensions minister Ros Altmann must continue with the package of bold reforms that her predecessor began and focus on encouraging a “rebirth of savings culture” in the UK, Michael Johnson has said.
Fraudsters masquerading as state-owned National Savings & Investments (NS&I) are cold calling retirees to offer the chance to invest in the government's market-leading ‘pensioner bonds'.
Insurer Zurich is to pass its £1.2bn legacy annuities business covering 28,000 clients to specialist Rothesay Life.
Getting DC pension savers ‘retirement ready’ is a big job but advisers are ideally placed to take on the challenge, writes Simon Chinnery
Two-thirds (65%) of people aged over 55 and still in work think financial advice at the point of retirement should be compulsory, according to research.
Annuity rates are at their lowest level for almost two years, but the proportion of enhanced contracts sold is increasing, according to the latest IRESS At Retirement report.
Prudential's Stan Russell discusses the fresh set of risks advisers face in light of pensions freedom and choice
When it comes to finance a little knowledge can be dangerous, writes Stephen Lowe. Especially when it comes to pensions freedom and choice
Pensions freedom has given consumers control over how to spend their retirement savings, but a number of unintended consequences have emerged, according to a lang cat report.
Tony Watts explains why pension freedom and choice is 'policy driven by politics'
BlackRock has launched its first drawdown offering for pension schemes to capitalise on the Budget freedoms introduced earlier this month.
There has been a sharp rise in demand for financial advice over the past 12 months, according to accountants, who claimed people have become more aware of pensions and inheritance tax planning.
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