Defaqto has warned that advisers relying on the 120% capped drawdown limit could be jeopardising their clients' safe retirement.
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...
The government will start to make payments to those Equitable Life policy holders who purchased their policies before 1992 and are still alive, in December.
The current system of pension tax relief is "unfairly skewed" leaving those on modest earnings with little reward for saving into a pension, John Lawson has said.
The lifetime allowance drops to £1.25m at the end of this tax year exposing some people to potential tax charges. Helen Morrissey looks at what advisers can do to protect their clients.
Today the Autumn Statement confirmed there would be no change to how the income from drawdown would be calculated.