UK investment scams up by over a third in five years
But pension fraud reports decreased significantly
AJ Bell
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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
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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
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Lack of joined-up thinking risks undermining advice review
UK pension transfers, ombudsman award limits and compensation scheme changes not on the agenda
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IFAs recommending DB pension transfers in FCA’s crosshairs
Regulator outlines review as industry warns against making life even more difficult for clients
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FCA platform switching proposals fall flat with industry
In specie transfers, exit fees and share class conversion among the issues
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Many UK retirees lose out on tax and investment incentives
Because they are accessing the pension freedoms without advice
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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
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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
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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’
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Thousands in UK lose lifetime allowance protection
People are facing ‘huge’ tax bills as a result – but a court ruling could give them a glimmer of hope
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Have UK pension freedoms passed their peak?
Transfers dropped 20% in the last quarter of 2018