Drawdown investment pathways ‘fundamentally flawed’
AJ Bell CEO: It’s ‘a mandate for pension providers to line their pockets by peddling in-house funds’
Pension
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Financial software firm buys Sipp tech business for £23m
Acquisition will broaden product suite and offering
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Over half of full pension withdrawals done without advice
Which puts people at risk of significant income and inheritance tax charges
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Reports Royal London ‘in merger talks’ with LV
But a ‘number of parties’ also interested in the deal worth over £500m
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Retirees at risk of losing £100,000 amid covid-19
‘People should explore every possible alternative’ before reducing or stopping pension contributions
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Younger savers not aware pensions are invested
Over a quarter believes funds are set aside and left untouched until retirement
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Pension freedom users failed by UK government body
Hope that taking guidance would become a ‘new norm’ has not materialised
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UK advisory firm fined for unauthorised pension cold calling
Company ‘clearly flouted the law when it should have known better’
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What will higher pension freedoms age mean for Qrops?
Thousands of schemes were removed from HMRC’s list amid compliance issues in 2015/16
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£15bn boost if UK scraps pensions triple-lock, says think tank
Current system ‘is simply not an option’, with earnings smoothing mechanism mooted
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How UK expats can avoid ‘eyewatering’ pension tax penalties
Building up a big nest egg could come with a sting in the tail
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Over £30m lost to scams in four years
Victims put off sorting out their finances for fear of being scammed again