Momentum Pensions caps commission on life products
As it revises the acceptance criteria for its international Sipp
Retirement
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Financial advice can boost wealth by £47,000 in a decade
But ‘only a minority of the UK population’ has seen a planning professional
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High earners face fines over unreported pension contributions
‘Shocking saga around the annual allowance for pension tax relief gets worse’
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Aviva overhauls business into five divisions
No update on FPI deal as it sells stake in Hong Kong digital life insurance joint venture
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End of service benefit funding retirement for most UAE workers
Despite this increased reliance, people are expecting to receive, on average, just AED17,000
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AJ Bell to roll out third-party DFM models
In tandem with a retirement investment account in 2020
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Income drawdown jumps 99% in five years
With Brits withdrawing £18.5bn from pension pots in 2018/19 alone
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Over a third of self-employed women in UK save nothing
Majority of these entrepreneurs who do not put money aside earn below £20,000 a year
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Complex pensions space creating penniless retirement fear
Over a third of advisers said the biggest client worry is running out of money in drawdown
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IFAs say inheritance tax complexities hinder client interaction
As Sipp provider admits death benefits are top technical challenge for advisers
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Decades of pension savings lost in a flash
As two-thirds of Brits would trust someone offering financial advice out of the blue
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Almost half of UK adults shun advisers
Many are ‘crossing their fingers’ as others bury their heads in the sand when it comes to planning