The Financial Ombudsman Service (FOS) received 15% more complaints about pensions in 2016/2017, with Sipps one of the most complained about products, despite a 6% drop in the number of people contacting the financial redress service.
With only a few days to go until the results of the 2017 snap UK election are revealed, we looked at the Tory and Labour party manifestos to see how their pledges on business, tax and pensions stacked up.
For millennials entering the workforce, the public pension system in advanced economies is simply not going to provide the safety net in retirement that it did for previous generations, according to a new report by the International Monetary Fund (IMF) entitled ‘Pension Shock’.
What looked like a sure thing when UK prime minister Theresa May called the snap election back in mid-April has turned somewhat muddy. Aegon pensions director Steven Cameron has taken a look at what the parties’ manifestos mean for pensions.
Aviva is looking at offering advice to UK customers looking to transfer out of their final salary pensions in response to rising consumer demand.
Malta-headquartered Momentum Pensions has clarified rules around which assets it will accept into its International Sipp as chief executive Stewart Davies confirms the sector is under a “heightened level of scrutiny”.
Twenty-four victims of pension fraud lost a record £8.6m ($11.1m, €10.1m) in March 2017, a 10-fold increase from the previous month, figures from the City of London police reveal.
Guernsey’s decision to update its pension regulations so that it includes international schemes could be to support growth in the Qnups market, according to David White, partner at The Qrops Bureau.
Over two-thirds of all complaints made against pension providers were upheld in the second half of 2016, according to the latest data released by the Financial Conduct Authority (FCA).
The UK has pushed back the introduction of the pension advice allowance as the government announces further delays to key tax changes ahead of the snap election on 8 June.
A UK court has ruled that Sipp scheme operator Sippchoice should not pay sanction charges after HM Revenue & Customs (HMRC) accused it of being a pension liberation vehicle.
The UK government could delay introducing a ban on pension cold calling after British prime minister Theresa May called a snap election for 8 June, according to investment platform AJ Bell.
