Retirement

HM Revenue & Customs (HMRC) has launched an online reporting service for managers of qualifying recognised overseas pension schemes (QROPS), which it said is more secure than paper-based reporting.

January will see gilt yields rise to 3.25%, up from 3%, meaning the maximum drawdown limit will rise in the New Year.

THE WINNER IS...

DECUMULATION

Retirement Planner's round-up of the top pension stories this week.

In this week's Retirement Planner quick fire poll we ask: Do we need the FCA to introduce a code of conduct for non-advised annuity sales?

Defaqto has warned that advisers relying on the 120% capped drawdown limit could be jeopardising their clients' safe retirement.

RELIEVED?

BLENDED

The survival of commission and lax regulation are fuelling a "significant shift" to non-advice in the mass market for annuities, at the expense of professional advice, transparency and healthy consumer outcomes, according to the Financial Services Consumer...