Retirement

Will the drawdown revolution hike advisers’ admin burden?

An eight day turnaround for pension transfers should become the industry standard, the TISA Exchange (TeX) organisation has said.

The Personal Finance Society (PFS) has written to the Money Advice Service (MAS) and The Pensions Advisory Service (TPAS) to suggest they change their names to better reflect the services they offer.

The Money Advice Service (MAS) should drop the word ‘advice' from its title as it is "confusing" for the public, according to a director at an advisory firm.

Danny Alexander, chief secretary to the Treasury, has hit back at claims the government is pushing through its wide-ranging pension reforms "in a big rush" ahead of next year's general election.

An adviser who stole more than £200,000 from a client's pension has now been ordered to pay it back, plus interest, as well as serve three years in prison.

The Treasury is to give savers more freedom over how they take a tax-free lump sum from their pension pot.

In this month's Retirement Planner Inquiry Helen Morrissey looks at auto-enrolment and whether it will push people towards financial advice.

The financial services industry will be subject to a new wave of criticism and claims unless reputational safeguards are put in place ahead of the delivery of free retirement ‘guidance' from next April, according to Friends Life chief financial officer...

Banking giant HSBC has been told to return the trail commission it took from a retiree for ongoing pensions advice it never delivered.