Nearly 75% of people surveyed by British insurer Aegon UK said the prospect of having to pay for financial advice puts them off, though of those that have obtained advice, 90% said they were satisfied with the service.
The UK pension freedoms introduced in April this year are not yet operating as well as they should, and the provision of affordable advice was “woefully inadequate”, a new report from a parliamentary oversight committee found.
UK financial advisers are avoiding giving advice on the full scope of pension freedoms due to concerns they might be held liable later down the line, according to new research.
Old Mutual Wealth has strengthened its retirement income capability with the launch of IncomeSelect.
From managing money to managing families, Graham Bentley, on behalf of Marlborough International Management, shares his views on the best practice for IFAs.
Brooklands Pensions is to change its name to IVCM, close the Self-Invested Personal Pension in the UK and launch a new SIPP in partnership with specialist provider Heritage Pensions.
The new world of pension freedom and increased life expectancy requires financial advisers to adopt a different approach to dealing with clients approaching or in retirement, argues Nick Webb of JP Morgan Asset Management.
The US subsidiary of Dutch technology giant Philips has agreed a deal with UK insurer Legal & General and the US-based Prudential insurance company to guarantee annuity payments for 14,000 of its retirees and former employees.
Guernsey’s Government has passed legislation allowing flexi-drawdown for its international pension plans, including delisted QROPS funds.
The UK Financial Conduct Authority (FCA) has unveiled a wide-ranging review of its pension regulations to increase consumer protection following the new freedoms introduced by the government in April.
Have financial advisers factored in the issue of longevity in the right way when they do financial planning for clients? Nick Webb, UK platform strategic relationship manager at J P Morgan, thinks not.
The market for transferring pensions into Qualifying Recognised Overseas Pension Schemes (QROPS) is steadily recovering, and there is a quick and cheap way to build up business, says Ben Lester of Brooklands.
