Landmark pension equalisation ruling a ‘headache’ for schemes
DB pension transfers from 1990 onwards may require compensation as a result
Pension
-
-
UK life insurer eyes sale of European business
It has received ‘interest from third parties’ and is looking at its options
-
Pension withdrawals soared after first lockdown
Financial shocks such as redundancy and furlough were likely contributors to the trend
-
FSCS and UK Serious Fraud Office join forces to fight scams
Government body will be given data on fraudulent investment schemes and the advisers promoting them
-
45 UK firms declared in default in last six months
One company was reportedly involved in British Steel Pension Scheme scandal
-
Wealth firm’s DB transfers to be scrutinised
To assess if some clients are due compensation for the advice they were given
-
Pension withdrawals jumped in Q3
But only half of retirees aware of the money purchase annual allowance
-
Just 3% of couples divorcing seek financial advice
People ‘often unaware’ of what they are entitled to and lack knowledge of pension rights
-
UK pensions lifetime allowance set to increase by 0.5%
And government expected to keep triple lock promise with 2.5% rise in 2021/22
-
Should retirement pots be used to fund property?
‘Won’t be the last time that politicians cling to the power of pensions to solve the housing dilemma’
-
Majority of retirees transferred pensions despite scam warnings
Removing statutory right in some cases a ‘key defence’ against fraudsters
-
Life company pensions more expensive than platforms
Consumers may be losing up to £100,000 due to costs and fees