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Double golds for four providers in 2016 F&TRC workplace pension ratings
Aegon, Aviva, Royal London and Standard Life have received double ‘gold’ in F&TRC’s latest annual workplace pensions and auto-enrolment product ratings. The financial research consultant has...
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Nigel Chambers: When transferring out of a DB scheme can be a good idea
Pension schemes that provide an income based on final salary have long been held out as the gold standard of retirement provision and indeed, if the person lives a very long time – beyond their life...
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Tom Conner: The UK is sleepwalking towards a pension crisis
Every year the Drewberry Wealth and Protection Survey of 2,000 British workers reveals something new about the financial provision of the average Briton, their preferences and, very often, the...
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Lack of guaranteed drawdown use now a perception issue – lang cat
Perception rather than ‘raw cost’ is a greater barrier to the use of guaranteed drawdown by advisers and clients planning a retirement income strategy, market analysis by the lang cat has suggested....
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Scrap the cap – OMW proposes secondary annuity compromise
Old Mutual Wealth (OMW) has called on the government to allow providers to buy back annuity contracts of any value from their customers. The group’s proposal followed the government’s decision last...
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Royal London appoints customer to independent governance committee
In what it has claimed as an industry first, Royal London has appointed a customer to its independent governance committee (IGC). The company appointed Royal London pension policyholder Myles Edwards...
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Fiona Tait: Dashboard design – changing the future of retirement savings
In a society where the average total contribution into a private-sector occupational defined contribution pension scheme is only 4% of qualifying earnings, the availability of the pensions dashboard...
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Have your say: Was the Treasury’s U-turn on a secondary annuities market right?
The Treasury’s decision to scrap plans for a secondary annuities market, which would have allowed people to sell future instalments for a lump sum, has been met with a mixture of anger and relief by...
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Tom Selby: Does secondary annuity U-turn signal a new era of pension stability?
Having scrapped the secondary annuities reforms, says Tom Selby, Chancellor Phillip Hammond must now go further and remove pensions tax relief from the political front line. George Osborne made a...
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Pre-retirees overestimating ‘safe’ yearly cash withdrawal level
Pre-retirees are risking “retirement ruin” by overestimating the amount of cash they can withdraw per year, Retirement Advantage has warned. Research by the firm, which surveyed 1,009 adults aged...
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Mind the traps: Advice in the new retirement landscape
One of the major changes since pension freedom is the significantly greater interest in transferring out of final salary pension schemes. Historically, it was usually seen as a no brainer to keep a...
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One-third of over-40s would consider DB to DC transfers to access pension...
Nearly one-in-three retirement savers would consider transferring final salary pension benefits to defined contribution schemes, latest research shows. The survey – conducted in August by Consumer...
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Inquiry: Lifetime ISA withdrawal penalty faces wrath of advisers
Consumers will have another method of saving for a house purchase and their retirement when the Lifetime ISA (LISA) launches next April. But concerns have been raised over its complexity and hefty...
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Alistair Wilson: Five reasons to consider multi-asset in retirement planning
Multi-asset funds may have come in for some criticism of late but, says Alistair Wilson, there are strong arguments why advisers should consider using such strategies in retirement planning. The...
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Adrian Boulding: LISA’s thin line between flexibility and complexity
LISA may offer the potential to encourage more under-40s to save, writes Adrian Boulding, but the product also increases the emphasis on getting the communications angle right. Things are moving on...
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Join the queue: LISA joins ever-growing list of savings vehicles
Ex-Chancellor George Osborne suggested in his introduction to the consultation on retirement savings incentives in 2015 that pensions have become too complicated and that a switch to an ISA-style...
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CPS proposals on state pension would cause ‘riots in the streets’
Proposals to increase the state pension age to 80, included in a paper published today by the Centre for Policy Studies (CPS), would cause “riots in the streets”, according to AJ Bell. The state...
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Standard Life open market exit another ‘nail in coffin’ of annuities
Standard Life’s decision to pull out of the open annuity market makes the space “less competitive” and adds another nail in the coffin of the “vilified” product, according to Intelligent Pensions....
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Marilyn Cole: Wider annuity misunderstanding a big issue for pension sector
The recent U-turn on the secondary annuities market cost the retirement industry, says Marilyn Cole – but not nearly as much, potentially, as the fact many holders simply do not understand what an...
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An American tale: Government bonds for patient investors
Slow and steady rate hikes suggest government debt has a role in asset allocation, says Russ Mould. To this observer, who is admittedly sat on the other side of the Atlantic Ocean, the US Federal...
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