Around 370 firms exited DB pension space in last two years
FCA chief says that large investigation may have found mis-selling in the market
Retirement
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Over 1.5 million Brits aged 55-64 have no private pension
UK is ‘chronically under-saving’ and figures reveal a ‘worrying hole’ in nation’s preparations
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Are annuities set for a comeback?
After falling out of fashion when the pension freedoms were rolled out in 2015
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STM Malta targets Irish expat market
EU retirement benefits scheme product will be available via financial advisers
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Nearly 90% of expats in UAE not equipped for retirement
As they intend to work ‘as long as they are able to’ past the state retirement age
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Fix retirement advice sector, industry and government told
Some 40% of flexible income withdrawals were at an ‘unsustainable annual rate of 8% and over’
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Pensions shake-up vital to halt social care ‘collapse’ by 2029
‘Auto-enrolment schemes create an illusion’ that people are saving enough for retirement
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Top questions UK clients ask their advisers
Early retirement, tax-free cash and impact of Brexit on finances among biggest concerns
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Vanguard rolls out ‘lowest cost’ Sipp
It’s described as a ‘big challenge’ to Hargreaves Lansdown from a ‘value-for-money perspective’
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Dearth of DB schemes to hurt retirees
As unsuitable transfers could mean up to £20bn in lost income over five years
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Cross-border pension AUM jumps $1.1bn in one year
As companies turn to international savings vehicles to serve their expat staff
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UK advisory firm rolls out buyout programme
Designed for advisers looking to retire and avoid a mass asset migration for their clients