UK tax allowances cut 11% in 10 years
Savers urged to act ‘rather than wait and think it will be the same’
Retirement
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46% drop in UK firms offering DB transfer advice in a year
It is a ‘worrying and very sharp reduction’ as 36% expect to reduce business in the market
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Pension fraud suspect extradited to UK in criminal case
Regulator alleges 245 savers were persuaded to transfer their savings totalling £13.7m into 11 schemes
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How will the GMP equalisation ruling impact pension transfers?
‘There potentially will be some difficulties’ as trustees may need to dig up data from 30 years ago
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Ardan joins forces with pension firm to create Sipp
It is open to UK and non-UK residents
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UK retirement solution provider unveils robo-advice offering
‘Millions of customers risk sleepwalking into poorer retirements by failing to take financial advice’
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‘Largest ever’ monthly fall in pension transfer values
Mostly attributed to a rise in government bond yields which increased discount rates
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Pension firm sets aside £3m over lifetime allowance failures
It is the ‘group’s best estimate’ of the future HMRC tax penalty
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How advisers can inflation-proof retirement pots
It is the ‘forgotten risk’ for savers and can have ‘devastating impact’ on pensions
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LTA freeze to ‘stealthily drag thousands into the tax net’
As UK Treasury eyes extra £250m a year from the move
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‘Act now’ Phoenix Group urges expats as bank accounts close
They may not be able to receive payments from pension providers into their bank
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Phoenix Group confirms acquisition of Standard Life name
It will sell its Sipp, onshore bond and trustee investment plan to SLA and then take over the whole brand