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Retirement

Pensions

Tesco could scrap workers' DB scheme as it closes stores and suspends dividend

Beleaguered supermarket Tesco is planning a cost-cutting drive which will see it suspend its dividend, close stores, and appoint a new UK CEO in a bid to reverse its fortunes.

clock 08 January 2015 •

Income

Advisers back risk-managed funds over annuities for retirement income

Risk-managed funds will overtake annuities to become the preferred retirement income strategy over the next decade, according to an Aegon adviser survey.

clock 07 January 2015 •

Income

The freedom to sell your annuity (read: The freedom to get screwed)

The freedom to sell your annuity (read: The freedom to get screwed)

clock 06 January 2015 •

Pensions

'Some pensions knowledge helpful': Guidance guarantee recruitment drive begins

The Pensions Advisory Service (TPAS) and Citizens Advice have released job specs for people looking to provide pensions 'guidance' - with each organisation requesting different levels of desired pensions knowledge.

clock 06 January 2015 •

Regulation

Network subject to recruitment ban now welcoming new recruits

Adviser network Financial Ltd has received numerous applications from firms to join since a recruitment ban was lifted late last year, director Brian Galvin has said.

clock 06 January 2015 •

Regulation

FOS cuts budget 13% and freezes levy at £23m

The Financial Ombudsman Service (FOS) is to make further cuts to its operating budget in the coming financial year and has frozen its levy at £23.3m.

clock 06 January 2015 •

Your profession

Adviser noticeboard: This week's events, hires (and a joke)

Our weekly round-up of hires, events and other bits for professional advisers...

clock 05 January 2015 •

Pensions

Webb's 'well-meaning' annuity resale plan risks creating disorderly market - Fidelity

Steve Webb's plan to extend pension freedoms to all retirees, creating a market for annuity resales, is well-meaning but unlikely to work in practice, Fidelity retirement director Alan Higham has said.

clock 05 January 2015 •

Your profession

Three things clients may call you about this week

...clients will call you about this week

clock 05 January 2015 •

Income

Plan to extend Budget pension freedoms to already-retired

Retirees who had already purchased an annuity may be able to benefit from the pension freedoms announced at last year's Budget by selling theirs to the highest bidder.

clock 05 January 2015 •
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