Financial advisers are the most trusted source of retirement advice, according to Defaqto, just beating friends and family for the third year running.
Three quarters of advisers are frustrated by ‘unnecessary' restrictions on SIPPs, according to provider Curtis Banks.
Gross mortgage lending fell 14% last month, though the Council of Mortgage Lenders (CML) says this is in line with expectations.
IFAs are losing interest in retirement savings products as more flexible alternatives become increasingly important, according to Defaqto.
The FSA's proposal to ban commission for group personal pensions (GPP) sales is ‘fraught with problems', according to Standard Life's John Lawson.
The cost of a ban on commission in the group personal pension (GPP) market could be as high as £420,000 for the largest adviser firms.
Advice on group personal pensions (GPPs) should be paid for on a fee basis, even if employees receive no individual advice, the FSA says.
A pensioner who lost out when Standard Life's Pension Sterling fund plummeted in value has successfully taken the firm to court.
As we near the end of the year and start to reflect on the past twelve months whilst looking forward to the next with a renewed sense of vigour and positivity, my over-riding hope for 2010 is that we finally see some better solutions in the pensions arena....
Pensioners who take the open market option (OMO) are around 50 times as likely to benefit from an enhanced annuity as those sticking with their pension provider, ABI figures have revealed.