UK pension scheme trustees ordered to refund members
Gross mismanagement had resulted in people losing their funds
Pension
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A quarter of UK women home owners over 55 lack private pension
SunLife believes the void could be filled by equity release due to rise in property prices
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Private pension wealth biggest issue in divorce cases
It is ‘critical that couples seek professional advice, both legal and financial’ on a settlement
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Brits unaware of pension compensation rights
Only 4% of consumers know the exact limit and who to turn to
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Two schemes to protect your pension lifetime allowance
Current LTA is just over £1m but eligible individuals can lock-in 2016 rates
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Only 34% of UK retirees prepare before using pension freedoms
Retirement planning is ‘not easy to self-regulate’ and can be an ‘uncomfortable process’
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More UK firms eye collective DC pensions
Some companies are already making provisions to introduce such schemes
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Isle of Man-based firm partners with adviser trade body
Financial services firm also has an operation in Malta
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Pension tax issues to be tackled by HMRC-led industry group
Move follows guaranteed minimum pension equalisation for men and women
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Pension scheme fraudster jailed for 40 months
Rise of sinister scams ‘is a serious stain on society and needs eradicating’
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Brooks Macdonald to unveil pension decumulation service
It will help clients with short-term sequencing risk and the longer-term issue of inflation
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Number of non-advised pension withdrawals ‘concerning’
Only 10% of Brits regret taking money but many in danger of chipping too much at their retirement pot