Retirement

Fiona Murphy asks IFAs how government austerity measures have affected clients' retirement planning.

The majority of people in capped drawdown are not taking an income from their pension fund and leaving their estate open to 55% tax charges on death, Skandia has warned.

‘Worrying' numbers of people are not using their pension savings efficiently leaving potential inheritors liable to a hefty tax, according to Skandia.

Just Retirement has announced a ‘record' Q4 with a 29% increase in total group sales at £1,464m.

Friends Life has introduced fee facilitation options across a number of product ranges ahead of the implementation of new remuneration rules brought about by the Retail Distribution Review (RDR).

Adviser charging for personal and group personal pensions can be applied general pensions advice, including annuity choice or drawdown, according to guidance from HM Revenue & Customs (HMRC).

Aviva is set to expand its equity release pilot scheme, following a successful trial period earlier this year.

Wesleyan has added a flexible drawdown option to its self-invested personal pensions (SIPPs).

Regulations should crack down on the promotion of unregulated investments rather than increase elf-invested personal pension (SIPP) red tape, a trade body says.

The government must act to curb soaring cost of funding occupational pension schemes which is harming businesses' ability to invest and create jobs, employers have said.