Chinese millennials – an untapped client pool for advisers
Only 44% of Chinese people aged 18-34 have started saving for retirement
Retirement
-
-
STM boosts life and pensions governance
Crossborder provider executing plan to address regulatory shortcomings
-
Pension schemes make savings by going Dutch
Cost transparency standards in Holland result in 37% savings
-
Top tips for retiring to Malta
Avoid retirement regret by asking these key questions before making the big move to Malta
-
Pension cost inquiry to make providers ‘sweat’
British Steel pension scandal looms large, as opaque fees and charges slammed
-
Regulator warns 12 DB pension schemes over transfer activity
The UK Pensions Regulator has written to the trustees of 12 different defined benefit (DB) pensions schemes regarding transfer activity.
-
Phoenix Life admits error in closing Sipp
The UK’s Pensions Ombudsman has upheld a complaint against insurer Phoenix Life, but absolved financial product provider James Hay of any wrongdoing, after a self-invested personal pension (Sipp) was wrongly disinvested.
-
UK taxman hands £29m back to pensioners
HM Revenue & Customs processed 14,477 tax repayment claims forms in the three months ending 30 June 2018, handing back just under £29m ($38m, €32.5m) to people who had accessed their pensions.
-
Pension transfers into Qrops cools to £740m
Measures designed to curb the abuse of transfers to qualifying recognised overseas pension schemes (Qrops) appear to have been effective, the latest UK government figures reveal.
-
£20bn withdrawn since pension freedoms launched
The popularity of the UK’s pension freedoms is showing no signs of slowing, with almost £20bn ($26.2bn, €22.4bn) having now been flexibly accessed since the reforms launched in April 2015, according to the latest figures from HM Revenue & Customs.
-
Phoenix Life named and shamed over pension transfers
Insurer Phoenix Life levies the highest pension transfer exit fees and pensions consultancy Xafinity is the slowest to process transfers, a survey has revealed.
-
Top retirement hotspots for British expats
While many in the UK may want to retire abroad, without the right planning or financial advice they may find themselves falling foul of local tax laws, warns Retirement Advantage.