Sanlam Private Wealth, the UK wealth management arm of South African insurer Sanlam Group, has launched a retirement income service aimed at tackling the twin issues of living longer than expected and the huge range of investment choices.
The UK Teachers’ Pension scheme has advised its members there is a loophole in the current rules surrounding the transfer of public sector pensions that would allow access to certain qualifying recognised overseas pension schemes (QROPS).
Life and pensions company Royal London has appointed former UK pensions minister Steve Webb as its director of policy and external communications.
A growing number of over 55s are being targeted by increasingly complicated pension scams following April’s reforms, including an “evolution” towards investment-based cons, says UK consumer service charity Citizens Advice.
The European Insurance and Occupational Pensions Authority (EIOPA) is seeking comments from the pensions industry on plans to create a standard pan-European personal pension product.
The British Government has announced a major review of the regulatory and legal framework governing the whole financial advice industry.
The UK Government has proposed three solutions to combat “excessive” early exit charges on pension schemes following fears they are restricting access to the new retirement flexibilities.
UK pensions minister Ros Altmann has confirmed that the Government is considering the abolishment of the remaining “regressive” pension tax relief for high earners after slashing the benefits in last month’s Budget.
Fidelity’s retirement director Alan Higham has announced he is leaving to pursue new opportunities.
The UK tax office has decided to offer pension savers the ability to protect their entitlement to £1.25m lifetime allowance when a new lower limit is introduced on 6 April 2016, but is looking at changing the way individuals register for the protection.
The UK Government plans to tighten rules around salary payments to enforce new rules governing annual tax free pension contribution allowances for high earners.
British pension savers have withdrawn more than £1.8bn from their pension pots in the first two months since the start of the freedoms, new figures revealed.
