Retirement

Proper SIPP due diligence is a straightforward task, say frustrated advisers

Annuity provider MGM Advantage has announced 80 redundancies as a result of the significant pension changes announced in the Budget.

More than a quarter of workers are now more likely to save into a pension after the sweeping changes announced in the Budget, according to research.

Eight in ten UK investors are confident they will be able to fund the retirement lifestyle they want, but this is still fewer than in Brazil, a survey has found.

St James's Place (SJP) has reported a strong first quarter with total new single investments of £1.8bn, an increase of 22% on the same period last year.

The Financial Conduct Authority (FCA) has warned advisers to drastically improve standards on pension transfers to self-invested personal pensions (SIPPS), saying it expects more firms to face enforcement action due to the "serious and ongoing failings"....

Consumer group Which? has shelved plans to launch an annuities advice service following the far-reaching changes announced at Budget 2014.

Is focused advice a viable option?

The Bank of England (BoE) and Financial Conduct Authority (FCA) have appointed Antony Townsend as Complaints Commissioner, replacing Sir Anthony Holland whose term of office ends this month after almost a decade.

Trustee due diligence should be prioritised over member transfer rights in order to stamp out pension liberation, according to the head of the Pension Liberation Industry Group.