Can we just pause for a moment? Reaction to the (latest) pensions upheaval
The government's wide ranging reforms of the pension income landscape have been confirmed in the Queen's Speech.
Sweeping pension and annuity reforms will be the centrepiece of the Queen's Speech later this morning.
Platform Ascentric has removed the set up and transfer-in costs on its in-house self invested personal pension (SIPP) and cut its annual tax wrapper fee from £150 to £100.
Chancellor George Osborne is in danger of emulating Robert Maxwell "as a destroyer of pension savings" with plans for a retirement 'guidance guarantee', Tom McPhail has warned.
Product providers should have no role in delivering free retirement guidance, following the 'advice for all' proposals in the Budget, Legal & General (L&G) chief executive Nigel Wilson has said.
Billy Burrows is to leave specialist annuity broker Annuity Line as part of a business restructure.
A third of over 55s who are still working do not see the value in taking financial advice at retirement, according to research from MGM Advantage.
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