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Pensions

Pensions

FCA tightens grip on DB transfers ahead of pensions freedom

All defined benefit (DB) pension transfers after 6 April will be regulated by the Financial Conduct Authority (FCA) to ensure mandatory advice has been taken and fully understood.

clock 04 March 2015 •

Pensions

Govt secretly briefed Which? before pensions Budget bombshell

Consumer champion Which? was one of just two organisations told about the pension reforms before last year's Budget, the organisation's executive director has said.

clock 04 March 2015 •

Pensions

L&G retirement profits up despite 54% fall in annuity sales

Legal & General (L&G) has posted an operating profit growth of 10% for the last year following a strong performance of its retirement division.

clock 04 March 2015 •

Income

National IFA 2plan won't offer small pot drawdown advice

Advisers should shy away from clients eager to cash in their pension pots and bear in mind annuities are "still key to the advice process" for pots worth £30,000 to £100,000, said 2plan chief executive Chris Smallwood.

clock 03 March 2015 •

Income

Partnership profits drop 50% to £64m; announces £100m bond issue

Profits at Partnership Assurance dropped 51% to £64m in 2014 due to falling individual annuity sales in the wake of the Budget reforms, latest results show.

clock 03 March 2015 •

Income

LV= launches Retirement Account to aid 'blended' retirement advice

LV= has launched an online retirement modelling tool to help advisers select, explain and administer a blend of retirement options.

clock 02 March 2015 •

Protection

Three things clients may call you about this week

...clients will call you about this week

clock 02 March 2015 •

Pensions

DWP and FCA accelerate project to brighten 'dark corners' of pension charging

The Financial Conduct Authority (FCA) and Department for Work and Pensions (DWP) have issued a call for evidence on which costs should be included in annual charge disclosures on workplace pension schemes, as part of a project to allay savers' fears about...

clock 02 March 2015 •

Pensions

Adrian Boulding to exit Legal & General

Legal & General's pensions strategy director Adrian Boulding is to leave the provider this summer.

clock 27 February 2015 •

Tax Planning

Labour pledges to cut lifetime and annual allowances

Labour will cap the pensions lifetime allowance at £1m and restrict the annual allowance to £30,000 to help fund a £2.7m reduction in tuition fees if elected, it has announced.

clock 27 February 2015 •
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