Is the UK pensions secretary role a ‘poisoned chalice’?
Amber Rudd’s sudden departure sees the seventh Secretary of State for Work and Pensions since 2016
AJ Bell
-
-
Stay of execution for UK expat state pensions
Brits in the EU to benefit from triple-lock until 2023, but fears annual increases could disappear
-
UK investment scams up by over a third in five years
But pension fraud reports decreased significantly
-
Five million Brits at risk of succumbing to a pension scam
Research shows a ‘worryingly large number of people’ could fall victim to common fraudster tactics
-
Industry sets out demands for newly appointed UK chancellor
Former home secretary will have a long shopping list of issues that he needs to address
-
Lack of joined-up thinking risks undermining advice review
UK pension transfers, ombudsman award limits and compensation scheme changes not on the agenda
-
IFAs recommending DB pension transfers in FCA’s crosshairs
Regulator outlines review as industry warns against making life even more difficult for clients
-
FCA platform switching proposals fall flat with industry
In specie transfers, exit fees and share class conversion among the issues
-
Many UK retirees lose out on tax and investment incentives
Because they are accessing the pension freedoms without advice
-
Long saving breaks can impact ‘quality of life in retirement’
Young adults are balancing financial challenges but need to make sure they contribute to pension
-
Costs and admin issues stop advisers doing platform transfers
Over half of IFAs would not recommend it to a client as they seek more guidance from regulator
-
Industry divided after pension freedoms hit £25bn
But data is not a complete picture and ‘represents only a fraction of the overall cash being accessed’