PEOPLE MOVES: Royal London, Deutsche WM, Momentum Pensions
Big name to depart mutual insurer, while German bank makes double senior hire
Royal London
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Quilter to help advisers tackle annual allowance issues
As Royal London FOI finds over 1,000 people failed to report pension tax charges
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HMRC collects £9m in penalties for early Lifetime Isa access
Exit charge is ‘trying to drive the right behaviours’ but damages the brand of the savings vehicle
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What does a Conservative victory mean for pensions?
Focus needs to shift to ‘domestic priorities which have been left languishing’
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UK taxman overtaxed more than 460,000 people last year
And they were forced to submit refund claims to get their money back
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Private pension wealth rises 69% in a decade
But UK government data shows the need to address the ‘yawning chasm of gender inequality’
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How involved should pension trustees be in DB transfers?
Doing nothing is not a ‘risk-free option’, says Royal London
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Financial advice can boost wealth by £47,000 in a decade
But ‘only a minority of the UK population’ has seen a planning professional
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Income drawdown jumps 99% in five years
With Brits withdrawing £18.5bn from pension pots in 2018/19 alone
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Busting five common myths about Wills
As mutual insurer Royal London discovered 57% of Brits don’t have one Click through the slides below to find out more
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What’s next for the DB pension transfers?
As market has a lack of high-quality, affordable financial advisers
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UK government urged to review pension allowances
HMRC told to work with schools to improve public’s understanding of tax and finance