All Retirement Stories

In the Spotlight with Andrew Firth, Wealth Wizards

In the Spotlight with Andrew Firth, Wealth Wizards

We spoke to Andrew Firth, CEO at Wealth Wizards, about the role of robo-advice and auto-enrolment's biggest test.

24 Feb 2017

Prudential to review annuity sales after FCA investigation

Prudential to review annuity sales after FCA investigation

Prudential has agreed with the FCA to review non-advised annuities sold after 1 July 2008 to its contract-based DC pension customers whose net pension pot was worth £5,000 or more.

24 Feb 2017

One in ten advised against equity release

One in ten advised against equity release

Advisers are recommending that around one in 10 clients do not go ahead with equity release and instead look to other ways of increasing retirement income, according to Bower Retirement research.

23 Feb 2017

Generalists and specialists

Generalists and specialists

A few years ago we had a loft conversion. The architect I employed to make best use of our new space had to sub-contract part of his work to a construction engineer to ensure the additional weight would be distributed evenly without weakening the structure of the house. We then engaged a builder, but he sub-contracted work to electricians and plumbers. We needed a larger boiler so the plumber sub-contracted that installation to a Corgi-qualified engineer. The architect and the builder were generalists in their fields. However they delivered the best customer service by engaging specialists where required.

23 Feb 2017

Less than half take lump sum advice despite soaring withdrawals: FCA

Less than half take lump sum advice despite soaring withdrawals: FCA

Under half of customers who fully withdraw their pension pot as a lump sum are seeking regulated advice, despite the number of full cash withdrawals increasing markedly in 2016, according to new FCA data.

23 Feb 2017

Two thirds of advisers expect rise in pension scams

Two thirds of advisers expect rise in pension scams

More than two out of three advisers believe that pension scamming will continue to grow this year, according to a Momentum Pensions poll.

21 Feb 2017

Proportion retiring with debts at record high: Prudential

Proportion retiring with debts at record high: Prudential

Retiring with debts outstanding is a problem that is on the rise, with the proportion of people retiring in debt at its highest level for seven years – jumping to one in four (25%), up from one in five in 2016.

17 Feb 2017

Aviva retirement MD steps down amid restructure

Aviva retirement MD steps down amid restructure

Aviva's savings and retirement Director, Clive Bolton, has decided to leave the business after 25 years as Aviva announces a raft of senior management changes.

16 Feb 2017

A third of cohabitees have not named pension beneficiary

A third of cohabitees have not named pension beneficiary

More than one in five (21%) cohabitees believe they would inherit their partner’s final salary pension if they passed away, despite not all schemes paying benefits to unmarried partners, according to new Aviva research.

15 Feb 2017

Prudential to withdraw from annuity market

Prudential to withdraw from annuity market

Prudential plans to withdraw from the annuity market in 2017 and will instead launch an annuity comparison service for its existing pension customers which will be phased in across 2017.

13 Feb 2017

 

Pensions industry urges Treasury to scrap MPAA cut

Pensions industry urges Treasury to scrap MPAA cut

Hargreaves Lansdown is submitting "a highly critical response" to the Treasury's proposal to cut the Money Purchase Annual Allowance from £10,000 a year to £4,000, which the provider says is "causing widespread alarm across the pensions industry".

09 Feb 2017

Responsible Equity Release to expand adviser team by 50%

Responsible Equity Release to expand adviser team by 50%

Responsible Equity Release is seeking to expand its national adviser team by 50% over the next six months as the market continues to grow.

09 Feb 2017

Supreme Court ruling could extend pension rights of unmarried couples

Legal

Supreme Court ruling could extend pension rights of unmarried couples

The Supreme Court has today ruled in favour of a woman seeking access to her late partner's pension, which is excpected to improve the pension rights of unmarried couples across the UK.

08 Feb 2017

Auto-enrolment robo guidance service launches

Auto-enrolment robo guidance service launches

A new robo guidance solution for employees has launched, claiming to be "as good as a one-to-one meeting for the majority of users".

08 Feb 2017

Current retirement housing can accommodate just 5%, warns think tank

Current retirement housing can accommodate just 5%, warns think tank

The government's plans to encourage older people to downsize could be flawed, as there is currently only enough specialist housing to accommodate 5% of the over-65 population, according to the International Longevity Centre – UK.

07 Feb 2017

Government to offer incentive for older people to downsize

Government to offer incentive for older people to downsize

The Government is expected to use its housing white paper, released tomorrow, to make it easier for older people to downsize in a bid to free up larger properties for families.

06 Feb 2017

Majority of pensioner homeowners fail to claim benefits entitlement

Majority of pensioner homeowners fail to claim benefits entitlement

Six in 10 eligible pensioners are failing to claim their full State Benefit Entitlement, leading to hundreds – and in some cases, thousands – of pounds of lost income.

06 Feb 2017

Government to launch £1,500 Pension Advice Allowance

Government to launch £1,500 Pension Advice Allowance

The government has confirmed that from April, savers will be able to withdraw up to £1,500 from their pension pots tax-free to pay for financial advice.

03 Feb 2017

deVere ceases pension transfer advice amid FCA review

deVere ceases pension transfer advice amid FCA review

deVere UK has voluntarily agreed to stop providing pension transfer reports after a meeting with the FCA.

03 Feb 2017

Equity release qualifications are a signal for future success

Equity release qualifications are a signal for future success

The last few years have been very successful for equity release. Annual lending in 2016 set a new milestone of £2 billion, which represents an increase of more than 100 per cent in just three years.

02 Feb 2017

Strict retirement lending criteria hinders 79% of advisers

Strict retirement lending criteria hinders 79% of advisers

79% of advisers have been unable to find a retirement lending solution for a client at some point due to LTVs being too low or lending criteria being too restrictive, according to more 2 life research.

01 Feb 2017

OneFamily launches flexible interest lifetime mortgages

OneFamily launches flexible interest lifetime mortgages

OneFamily has launched two new lifetime mortgage products which allow consumers to choose how much interest they want to pay and for how long on either a fixed or a variable interest rate.

31 Jan 2017

L&G Home Finance appoints Steve Ellis as Managing Director

L&G Home Finance appoints Steve Ellis as Managing Director

Steve Ellis has been appointed as Managing Director of Legal & General Home Finance after previously holding the position of Chief Operating Officer within the business.

30 Jan 2017

Equity release referral cases double the average size

Equity release referral cases double the average size

Equity release referrals saw growth of more than 71% in 2016 with referral customers releasing an average £100,598 – almost double the £55,260 on average released by customers going direct to advisers, according to Key Partnerships.

30 Jan 2017

Should employers be able to contribute to LISA?

Should employers be able to contribute to LISA?

True Potential believes that employers must be allowed to pay in to the Lifetime ISA so that employees who prefer the LISA don’t miss out on contributions.

25 Jan 2017

FAMR and ‘Location, Location, Location’

FAMR and ‘Location, Location, Location’

I’ve recently been reflecting on the lack of proposals in the Financial Advice Market Review to increase demand for financial advice. People who should be accessing the financial advice market are not doing so, creating an advice gap. To close this gap, FAMR has produced a number of initiatives including: redefining advice and guidance; encouraging the use of robots; and providing more information through a pension dashboard.

25 Jan 2017

£1.56bn released under pension freedoms in Q4

£1.56bn released under pension freedoms in Q4

162,000 people released a total of £1.56 billion from their pension pots in Q4 under the pension freedoms, according to HMRC figures released today.

25 Jan 2017

IRESS launches annuity yield comparison index

IRESS launches annuity yield comparison index

IRESS has launched a new index which compares the relative performance of annuity yields against cash and equity yields over the last ten years, and also against a fair sustainable withdrawal rate.

25 Jan 2017

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