Trio banned over £44m pension transfer mis-selling scandal
Victims had their funds placed into high-risk investments based in Mauritius
Retirement
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International trust and pension provider buys UK firm
And purchased the Sipp book of an administration-hit business
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Cost-of-living crisis triggers 23% surge in taxable pension withdrawals
£3.6bn was taken in the first quarter of this financial year
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‘Woeful’ British Steel IFA company fined £2.4m
It provided unsuitable pension transfer advice to both BSPS and other DB members
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FCA wants pension providers to boost consumer engagement
As it sets out standards to make sure savers can access ‘value for money products’
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UK retirees suffer £210m state pension shortfall
DWP identified nearly 32,000 instances where it underpaid pensioners since January 2021
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Millennials prioritise parents over inheritance
Preferring they have a comfortable retirement rather than gift money
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UK government commits to ‘unsustainable’ pension triple lock
Calls for system to be assessed to find a ‘fairer way’ to raise the state pension
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68% of Brits back pension triple lock
‘Attacking’ it would be a ‘seriously high-risk and deeply unpopular move’
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What to expect from the UK Autumn Statement 2022
IA examines the potential tax and pension changes that could be announced by chancellor Jeremy Hunt
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LTA freeze to put £2bn in Treasury coffers
Consumers are being ‘punished’ for saving into a pension amid high inflationary environment
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Royal London expands Irish pension offering with partnership
After rolling out a retirement bond and fund in the country