Annuity rates rise 20% in the last year
A 65-year-old with a £100,000 pension can get up to £7,144 per year
Retirement
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UAE insurance firm rolls out savings plan
It requires a minimum investment of just $20 per month
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Pensions dashboards connection deadline delayed until 2026
But DWP says that public may have access before then
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43% of Brits over 55 unaware of tax-free pension rules
Retirees need to consider ‘key things’ before they take their lump sum
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42% of Brits want to leave the UK when they retire
But over a third do not know exactly how much money is in their pension
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Ex-TPR director calls for change in DB transfer advice rules
David Fairs wants a ‘much smoother process’
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UK-headquartered retirement savings platform acquires US firm
Deal takes its assets under management to over £8bn
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12% fall in pension transfer activity
It has decreased to its lowest level in nine months
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Just 23% of IFAs offer DB pension transfer advice
‘It’s hard to predict what the position will be five years from now’
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UK wealth manager snaps up Sipp firm
As the company looks to expand its offering
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Pensions industry set for ‘fraud crisis’
Greater accessibility to retirement savings could leave Brits ‘highly vulnerable to a wide-scale wave of scams’
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How changes to drawdown rules in Malta impact clients
They will ‘bring more certainty to the industry going forward’