20% drop in pension transfers but half still trigger red flags
December was the worst month of 2020 with three-quarters of transfers giving cause for concern
Retirement
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Defaqto unveils drawdown tool
It ‘provides a step-change in the right direction for advisers with clients in the decumulation phase’
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UK passes Pension Schemes Bill
Dashboard caused friction between house of commons and the lords
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Are UK pension savers missing out on £140,000?
This would give people an additional four years of ‘comfortable retirement’, says Quilter
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UK regulator rolls out DB transfer assessment tool
To examine financial advice given before October 2020
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Tech firm unveils automated abridged advice offering
It will help pension scheme members understand if transferring out is their best option
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Standard Life Aberdeen JV unveils pension products in China
It becomes the ‘first foreign-invested joint venture to receive this approval’ in the country
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Private bank sells pension business to UK Sipp provider
While Transact parent company buys financial planning software specialist
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Will 2021 be the year for platforms in offshore markets?
Advisers are migrating ‘large back books of outdated bond business’ onto platforms
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L&G unveils pension tracing and consolidation services
Firm says it is ‘retiring the clichés and reducing the complexities of retirement’
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How ‘international’ Wills can be a useful tool for clients
Disputes can turn ugly if wishes are unclear, as evidenced by one particularly grisly showdown in Taipei
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UK woman wins battle over mother’s £4.9m international estate
‘Case is a cautionary tale’ as brother ordered by court to pay back £1.7m