The reduced lifetime allowance for pension contributions will take ordinary savers by surprise, research by self-invested personal pension (SIPP) provider Liberty SIPP has predicted.
Some 353,000 annuities worth just under a total of £12bn were sold by Association of British Insurers (ABI) members in 2013, latest figures show.
Fidelity FundsNetwork has scrapped the additional charges on its pension offering, leaving a standard 0.25% platform fee and a £45 investor fee.
Liberty SIPP has partnered with Barclays Stockbrokers to create a faster administration process between the two companies.
Suffolk Life is launching a solicitor panel to enhance buying and selling commercial property within their SIPPs.
Senior pension industry figures and high level regulators have formed a group dedicated to halting the proliferation of pension liberation.
Bestinvest looks set to target the mid-tier self-invested personal pension (SIPP) market after revealing a clean pricing model beginning at 30bps for SIPP accounts below £250,000.
Carey Pensions UK chief executive officer Christine Hallett speaks to Helen Morrissey about the outlook for the SIPP market.
Liberty SIPP is freezing its annual management charge for two years in a bid to win customers ahead of increased SIPP capital adequacy requirements.