lump sum

A man in bankruptcy has retained his personal pension after a High Court judge decided he should not be compelled to hand it over under an Income Payments Order (IPO).

The Financial Conduct Authority (FCA) is to look into the non-advised sale of income drawdown products amid concerns consumers could be left vulnerable in the new pensions environment.

HM Revenue & Customs (HMRC) has clarified its position on why certain retirees using standalone lump sums trigger a reduced annual allowance.

The Treasury is to give savers more freedom over how they take a tax-free lump sum from their pension pot.

The Treasury is exploring the idea of capping tax-free ISA allowances to crack down on 'ISA millionaires', while investigating plans to reduce the amount retirees can take as a tax-free lump sum.

IFAs will see rising demand for advice on enhanced transfer value (ETV) exercises as companies improve their cash-for-pension offers, KPMG said.

The RDR finally gets some column inches in the mainstream media, while fund managers are becoming increasingly cautious in a particularly volatile bull market. It's IFAonline's round-up of the weekend's national newspapers...

Mike Morrison, AXA Wealth's head of pensions, has warned allowing early access to pension funds could do more damage than good to savings.

Only one in ten advisers thinks there should be early access to pension funds for any reason, a Rowanmoor Pensions poll says.

Pension experts have broadly welcomed Treasury plans to consult on allowing access to 25% of pension savings tax free before retirement but warn the new rules must be kept as simple as possible.