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.
The Chancellor George Osborne is set to take the unusual step of delivering two Budgets in the same year after announcing plans to keep the promises the Conservatives made prior to winning the general election.
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.
Standard Life has become the latest provider to face adviser criticism as some life companies seemingly struggle to deal with pensions changes they claimed they were prepared for.
New pensions minister Ros Altmann has outlined her primary objectives in the role, including safeguarding the retirement ‘freedoms' that were introduced last month.
Henry Tapper comments on Ros Altmann's surprise appointment as pensions minister and warns 'she knows where the bodies are buried' in fund management
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'.
The potential for savers taking free financial guidance to mistake it for advice is real and threatens everything advisers "have worked hard for", a financial planner argued in a panel debate on the government's Pension Wise service.
Malcolm McLean pays tribute to former pensions minister Steve Webb...
"I am not 'tribal' in my political allegiances. I don't blindly follow a particular party or ideology. But putting Labour back in charge at this time could be disastrous for the United Kingdom." So wrote Ros Altmann on Thursday 30 April 2015.
If you believe everything you read, it's regulatory uncertainty that's preventing advisers recommending pension transfers. Phil Young suspects there's more to the story...
After a disastrous night for Labour and the Liberal Democrats, we are several steps closer to knowing the identity of the next pensions minister.
Steve Webb, who lost his seat at the 2015 general election, holds the record as the longest serving pensions minister. Helen Morrissey asks the industry whether he has been a success
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