All Retirement Stories

Savers losing £360m a year in pension tax relief

Savers losing £360m a year in pension tax relief

1.6 million people will miss out on £360m of ‘free cash’ this year after failing to claim the correct tax relief on their pension savings, according to True Potential.

05 Dec 2016

PLSA welcomes Standard Life's Jenkins to DC Council

PLSA welcomes Standard Life's Jenkins to DC Council

Today the Pensions and Lifetime Savings Association announced the appointment of Jamie Jenkins, Head of Pensions Strategy at Standard Life, to its Defined Contribution Council.

02 Dec 2016

Aegon welcomes pensions inquiry

Aegon welcomes pensions inquiry

Aegon has welcomed the Work and Pensions Select Committee’s latest inquiry into whether the UK welfare system adequately supports the growing numbers of self-employed and gig economy workers.

02 Dec 2016

FCA will continue to support later-life lending

FCA will continue to support later-life lending

Attracting quality advisers who are determined to make equity release a cornerstone of their professional life is one of the most important tasks we face in the modern lifetime mortgage market.

01 Dec 2016

Advice firm CEO faces ban and fine over unsuitable SIPP advice

shutterstock_140867215.jpg

Advice firm CEO faces ban and fine over unsuitable SIPP advice

The FCA has published a Decision Notice seeking to ban Alistair Burns, Chief Executive at TailorMade Independent, and fine him £233,600.

01 Dec 2016

Mortgage and pension advisers face increased FSCS levy

Mortgage and pension advisers face increased FSCS levy

The Financial Services Compensation Scheme is considering raising a supplementary levy for mortgage and pension advisers after seeing increased claims.

01 Dec 2016

DWP confirms 2.5% triple lock increase

DWP confirms 2.5% triple lock increase

The DWP has confirmed the increase in next year's state pension will be 2.5%, sticking to its pledge despite calling for the abolition of the triple lock earlier this month.

29 Nov 2016

Autumn Statement – a new look at how pension benefits are drawn

Autumn Statement – a new look at how pension benefits are drawn

In his first (and last) Autumn Statement Philip Hammond, the Chancellor, announced that he intended to reduce the Money Purchase Annual Allowance from £10,000 to £4,000 from April 2017. The Government will be consulting on whether £4,000 conflicts with Auto-Enrolment for those who remain in employment after they first draw their benefits.

28 Nov 2016

True Potential approved by The Pensions Regulator

True Potential approved by The Pensions Regulator

Wealth Management firm, True Potential, has been listed as an approved provider of workplace pensions by The Pensions Regulator.

28 Nov 2016

FCA: annuity providers must reveal best open market rates

FCA: annuity providers must reveal best open market rates

New FCA rules will require annuity providers to give customers a comparison quote, showing them how much more they could get if they purchased an annuity on the open market.

28 Nov 2016

 

Demand for equity release qualifications up by a quarter

Demand for equity release qualifications up by a quarter

The London Institute of Banking & Finance says registrations for its Certificate in Equity Release qualification have increased by more than a quarter over the past year.

25 Nov 2016

Let’s raise the bar for the lifetime mortgages sector

Let’s raise the bar for the lifetime mortgages sector

November sees the Equity Release Council celebrate its 25th anniversary. It has bought about high standards and professionalism to the lifetime mortgages sector whilst helping to grow the sector. As we look to the future with aims to triple market share, the question to be asked going forwards is ‘how do we take these standards to the next level?’

25 Nov 2016

Selectapension offers Black Friday adviser discount

Selectapension offers Black Friday adviser discount

Selectapension, the pensions and investment software provider, will be offering advisers up to £100 off all new subscriptions today as part of a Black Friday sale.

25 Nov 2016

Age Partnership's introducer scheme sees 88% growth

Age Partnership's introducer scheme sees 88% growth

Since the re-launch of Age Partnership’s Introducer scheme at the beginning of the year, it has seen 88% growth in the number of equity release referrals.

24 Nov 2016

Govt to close specialist pension schemes for overseas workers

Govt to close specialist pension schemes for overseas workers

The government has announced that it is closing specialist pension schemes, known as 'section 615 schemes', to new savings for those employed abroad.

24 Nov 2016

Budget 2016
Money Purchase Annual Allowance cut to £4,000

Budget 2016
Money Purchase Annual Allowance cut to £4,000

The government will cut the Money Purchase Annual Allowance from £10,000 to £4,000 for those who have used the pension freedoms.

23 Nov 2016

Rising inflation could halve £1m pension pot

Rising inflation could halve £1m pension pot

With inflation predicted to rise above its long term average rate in 2017, Investec Wealth & Investment is warning pension savers against overestimating the buying power of their future retirement pot.

22 Nov 2016

Bower Retirement enhances platform in rebrand

Bower Retirement enhances platform in rebrand

Bower Retirement has rebranded to focus on increased use of technology as the equity release market expands.

22 Nov 2016

Lack of conveyancers poses risk to equity release expansion

Lack of conveyancers poses risk to equity release expansion

Key Retirement is calling for more conveyancing firms to provide specialist equity release services to lenders in order to assist the growth of the market.

21 Nov 2016

Government looking to extend auto-enrolment to self-employed

Government looking to extend auto-enrolment to self-employed

Pensions minister, Richard Harrington, has announced the government will be undertaking a review of auto-enrolment and is considering ways to bring self employed workers and low earners into saving under the scheme.

21 Nov 2016

Government to ban pension cold calling

Government to ban pension cold calling

The government will announce its intention to ban pensions cold calling in this week's Autumn Statement.

21 Nov 2016

Paid-for guidance could lead to mis-selling scandal, warns LV=

Paid-for guidance could lead to mis-selling scandal, warns LV=

LV= has warned that creating a market where firms charge for guidance at retirement could lower the take up of regulated advice and create "significant consumer detriment that potentially leads to another mis-selling scandal".

20 Nov 2016

AE boosts pension saving by £2.5bn in 2015

AE boosts pension saving by £2.5bn in 2015

Automatic enrolment boosted pension membership to 88% and increased pension saving by £2.5 billion per year by April 2015, according to new IFS research.

17 Nov 2016

LV= confirms annuity market exit

LV= confirms annuity market exit

LV= has confirmed its decision to stop selling enhanced annuities following a consultation with employees.

17 Nov 2016

Drawdown losses 'putting pension freedoms at risk'

Drawdown losses 'putting pension freedoms at risk'

Drawdown regrets are putting pension freedoms at risk as one in 10 are unhappy with their choice and nearly half of specialist advisers are reporting a rise in drawdown losses.

16 Nov 2016

LISA sale must include workplace pension warning: FCA

LISA sale must include workplace pension warning: FCA

The FCA has today outlined its proposed approach to regulating the promotion and distribution of the Lifetime ISA, stating that investors must be warned about early withdrawal charges and potential lost workplace pension contributions.

16 Nov 2016

Gender gap widening for retirement saving

Gender gap widening for retirement saving

The retirement savings gap between men and women has widened since 2014, with self-employed and part-time women increasingly vulnerable, according to new Scottish Widows research.

16 Nov 2016

Aviva calls for 12.5% auto-enrolment contributions

Aviva calls for 12.5% auto-enrolment contributions

Aviva is calling for minimum auto-enrolment pension contributions to rise to 12.5% to "give consumers a better chance of building up an adequate retirement savings pot".

15 Nov 2016

Latest Money Careers

Popular this week

Specialist Lending Roadshow 2017

24th-27th November

4 days
7 specialists
4 locations
Free to attend

Click here to register now