Having saved for most of their life to amass an income to use in retirement, most people get to a certain age and start to think about drawing on those financial reserves as they wind down from the daily grind.
BlackRock, the world’s largest fund manager, has launched a tool to help savers plan effectively for retirement.
The only three certainties in life are all intrinsically linked – death, taxes and pension changes, says Mark Gaywood, group chairman of Momentum Pensions in a video interview.
More than half of the wealthiest people in Britain are committed to spending much of their retirement overseas, according to latest research by Old Mutual Wealth.
Clients wishing to move from QROPS into a UK-based scheme to take advantage of pension liberation should take heed before rushing into income drawdown.
Three more Australia-based pension schemes have been added to HM Revenue & Customs’ list of recognised overseas pension schemes (ROPS), but no publicly available ROPS are yet included.
The number of pension transfers being rejected by providers is increasing as financial advisers are unaware of the permissions they need to authorise transactions, according to a retirement planning specialist.
UK-based pension provider Aegon is refusing to give savers flexible access to their pension pots without financial advice.
Data out from the Association of British Insurers and the Office for National Statistics in the past few days should have asset managers rubbing their hands with a mixture of excitement and trepidation.
With many changes taking place in the industry, it has hardly been a summer to kick back and relax. As the new world of pension freedoms develops, what role will platforms play?
Phil Loney, chief executive of UK life and pensions company Royal London, has sharply criticised the government’s proposed plans to overhaul the way pension contributions are taxed.
State Street Global Advisors has unveiled a new fund which caters for individuals who are likely to remain invested in retirement, focusing specifically on those investors in defined contribution schemes.
