Dubai fintech rolls out investment app
In a bid to help people save more towards their retirement
Retirement
-
-
Aviva to unveil multi-pot pension to solve DC retirement problem
Default frameworks will not provide the flexibility retirees want and need
-
A fifth of Brits have stopped saving
Most HNWs admit property wealth will help fund part of their retirement
-
Rise in full pension withdrawals triggers tax warning
Over 10,000 pots were accessed without advice in the last financial year
-
DB transfers plunge 53% in three years
Drop is culmination of ‘limited availability and increased cost of advice’
-
FCA sounds alarm over rising pension scams
A quarter of consumers would withdraw their retirement savings to cope with cost-of-living crisis
-
14-year record high for annuity rates
They have increased by 52% in the last nine months alone
-
Regulator slammed over British Steel redress calculation issues
FCA faces a potential judicial review if problems are not resolved
-
Brits hit with £382m bill after breaching lifetime allowance limit
Frozen thresholds mean even more people will have to fork over cash
-
Redress solution for bad pension transfer advice likely to cause more problems
If enacted, the recommendations could put consumers in a worse tax position
-
Pension industry hopeful after rumours of tax allowances review
‘These need an urgent overhaul, particularly at a time of rampant inflation’
-
Aviva tops pension complaints list
But just 24% of cases were upheld in H1 2022, Ombudsman data shows