The victor in the latest PA Debate examining whether clients would choose income drawdown over uncrystallised funds pension lump sum (UFPLS) next April has been decided.
The Financial Conduct Authority (FCA) must establish a ‘second line of defence’ for retirees ahead of pension freedom or the industry faces another major mis-selling scandal, according to MPs.
At the beginning of day four voting remains close in the PA Online debate as to whether clients will choose uncrystallised funds pension lump sum (UFPLS) or income drawdown.
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As the industry gears up for the introduction of retirement freedoms in April what will people choose? Stephen Lowe goes through recent research into what retirees are looking for.
Prudential has launched a flexible drawdown option to its range of retirement products ahead of pension freedoms which come into force in April next year.
The first day of the PA Online debate has been a close run affair with users split on whether their clients will choose income drawdown or uncrystallised funds pension lump sum (UFPLS).
Interest rates for the new 'pensioner bonds' announced at Budget 2014 have been set at a market-beating 2.8% for the one-year product and 4% for the three-year bond.
Pension providers should ensure all retirees use the open market to buy an annuity at the point of decumulation to ensure they get the most out of their savings, Just Retirement has said.
Aviva has written to advisers outlining its views on the challenges facing Mark Barnett, following a review of how he runs funds previously managed by Neil Woodford.
The chairman of IFA network Sense has called on advisers to come up with a “sensibly priced” at-retirement service, saying the prospect of non-advised drawdown left him “horrified”.
Consumers are put off seeking regulated advice because they don't know how to judge its quality, research commissioned by the Financial Conduct Authority (FCA) suggests.
Fundamental problems with the shopping around system for annuities must be addressed before pension freedoms being in April, experts have said.
Annuity providers need to make significant improvements to the quality of their written and telephone communications if customer outcomes are to be improved, according to the Financial Conduct Authority's (FCA) Thematic Review.
Forcing product providers to reveal how their annuity quotes compare with competitors and developing a one-stop pensions 'dashboard' for retirees are two of several changes proposed by the Financial Conduct Authority (FCA) following its wide-ranging review of the retirement income market.
Will your clients choose uncrystallised funds pension lump sum (UFPLS) or income drawdown from April 2015?
Provider Aegon is to launch a drawdown product with combined access to unit-linked guarantees to capitalise on pension freedoms.
The Financial Services Compensation Scheme (FSCS) and self-invested personal pension (SIPP) provider Standard Life have worked out a deal with the taxman over the tax status of recoveries related to ARM Asset Backed Securities.
Pension transfers are set to hit two million a year within the next 12 months as pot follows member begins. That, Jon Gwinnett writes, is just one reason why the industry needs to get its house in order
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