‘Market always sets the price’ on Qrops fees
Isle of Man-based pensions provider Boal & Co’s recent lowering of its Qrops fees is not indicative of an industry-wide shift that would see the cost of Qrops fall.
Retirement
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Almost £6bn withdrawn after UK pension reform, reports ABI
Nearly £6bn ($8.6bn, €7.6bn) has been paid out of UK pensions since reforms came into effect in April last year, according to the latest figures published by the Association of British Insurers (ABI).
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Two thirds of UK pensioners to retire early this year
Nearly two thirds of UK seniors planning to retire this year are doing so earlier than their state pension age or before their company pension retirement date, according to new research published by Prudential.
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Retirees shun Lamborghinis, taking just £25k from pensions
The average full withdrawal from pension pots since UK rule changes came into effect in April 2015 was just under £25,000 ($35,346, €31,673), new research by online investment platform AJ Bell shows.
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UK pension advisers ‘caught out’ by unexpected Sipp charges
More than a third of pension advisers in the UK admit that they have been ‘caught out’ by unexpected charges on self-invested personal pension (Sipp) wrappers, research by retirement specialists Momentum Pensions shows.
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Third of British expats to return home, says NatWest IPB
A third of British people who have retired abroad intend to return to the UK, according to new findings published by NatWest International Personal Banking (IPB).
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Efama urges EU to create Europe-wide pension produc
The European Fund and Asset Management Association (Efama) has urged the European Commission to create a standardised Pan-European personal pension product (Pepp) – in response to ongoing plans to create a single market for financial retail products.
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Centenarians benefit from Unilife whole life assurance plan
Unilife Global has launched a guaranteed whole of life plan to the offshore market in conjunction with Mauritius-based insurer Guardrisk.
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Carey sells int’l pensions arm to Overseas Trust and Pension
The Guernsey-based international pensions business of Carey Group is to be acquired by Overseas Trust and Pension.
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UK accountants overwhelmed by pension advice boom
Accountants working in the UK are ill-equipped to deal with the growing demand for personal financial advice following recent changes to early pension access, according to a new poll by retirement lending adviser Bower Private Clients.
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Budget concerns drive UK Sipp contributions up in February
Concerns around the upcoming UK budget saw consumers making the most of their pension benefits in February with self-invested personal pension (Sipp) contributions up by 203% compared with the same month last year.
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Calls for reform of life commissions grow in Australia
Consumers will go on being hurt financially until commissions on life insurance are banned in Australia, and a rigorous code of conduct is in place, says Industry Super Australia (ISA), an umbrella organisation for the retirement savings industry.