Australians have more in pension pot than they expect
A new study found people will be financially comfortable in retirement, contrary to popular belief
Retirement
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Women in UK get 40% less pension than men
Study finds the pension shortfall is almost double the gender pay gap
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THE PROS AND CONS OF QNUPS
Since HM Revenue & Customs (HMRC) introduced the Qualifying Non-UK Pension Scheme (Qnups) in 2010, there has been much interest but little uptake of these as standalone pensions. Initially, Qnups were regarded as inheritance tax (IHT) planning vehicles. However, the primary purpose must be to provide retirement benefits. The limitations on how these benefits can…
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Quarter of over-55s unaware of pension tax, L&G study finds
Of more than 2,000 over-55-year-olds surveyed in the UK, 21% would be ‘shocked’ to pay tax on their pension
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The outlook for decumulation products in the retirement space
The potential of this market is huge, but eating into capital is a big issue
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Pension freedom users need to plan ahead, experts say
Advisers are ‘not educated enough’ to help over-55 investors
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Most UK adviser firms set up to help vulnerable clients
Only a small amount of UK financial advisers are prepared to send vulnerable clients to specialists in the sector.
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Pension freedom users in UK get £38m back in over-paid tax
Figures reveal a rise in tax repaid to individuals over-charged when making use of pension freedoms
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DWP claims it will cost £500m to ‘unfreeze’ expat pensions
Uprating of expat pensions bound by legal requirements in the country to which person has retired
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58 million Indians living without a pension
Only a quarter of the 80 million people who are eligible claim just over £2 a month
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UK chancellor set to launch collective DC pensions consultation
Announcement expected to start process of implementing legal and regulatory guidelines for schemes
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Frozen pensions for expats ‘diminish quality of life’
93-year-old pension activist to present petition to Downing Street