UK retirees shun decumulation advice
Number of non-advised sales soar by 24%
Just Group
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HMRC rakes in £1.2bn from IHT receipts in two months
13% more than in the same period last year
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Copia Capital launches decumulation portfolios
Range designed to help advisers comply with Consumer Duty rules
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HMRC rakes in record high of £7.1bn in IHT receipts
It is ‘no longer a tax only on the wealthiest estates’
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PEOPLE MOVES: FCA, HSBC Global Private Banking, Fairway Group
UK regulator names joint executive directors of enforcement and market oversight
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Restore MPAA to £10,000, Canada Life demands
Between 500,000 and 1 million people of working age are restricted by the allowance
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IHT bill on track to exceed £7bn
As inheritance tax receipts for January 2023 totalled £578m
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IHT freeze leads to record bills
Inheritance tax is no longer only an issue for the wealthy
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Demand for later life financial planning surges
More than 60% of over-45s would meet with an adviser if given the opportunity
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6,000 Brits trigger MPAA restrictions every week
148,000 accessed their pension in the first half of 2022
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Taxman rakes in record £3.5bn in IHT in just six months
Increase in inheritance tax receipts ‘will be music to the ears’ of the Treasury
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Take-up of pension advice and guidance ‘going backwards’
FCA data shows 40% of decumulation products were bought by DIY savers