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Women still lagging men in retirement saving – Scottish Widows
Almost three-fifths (57%) of women fear they are not preparing adequately for retirement, compared with two-fifths (41%) of men, according to research from Scottish Widows. The 12th edition of the...
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Age UK calls for ‘flexible and individualised’ approach to state pension age
The government must take the financial needs of middle-aged carers and those who will struggle to keep working into old age fully into account when making any future changes to the state pension age,...
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‘Not foolproof’ but a good start – Industry on govt cold-calling ban
The financial services industry has reacted positively to the prospect of the government banning the cold-calling of pension savers, describing the idea as’a good start’. Chancellor Philip Hammond is...
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All I want from the Autumn Statement is …
Regular Retirement Planner columnists and other experts outline their wish lists for tomorrow’s Autumn Statement. Claire Trott, head of pensions strategy, Technical Connection “The abolition of the...
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Elaine Turtle: Cold calling – the hot topic
Whether or not pensions cold-calling is banned, says Elaine Turtle, it is vital providers and advisers work together to help educate consumers on the dangers of chasing unrealistically high returns....
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Autumn Statement 2016: Chancellor retains triple lock; consults on scams
Philip Hammond’s first – and, as it turns out, last Autumn Statement – included a pledge to retain the pension triple-lock through this Parliament and a crackdown on pension scams. The triple lock –...
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Government to consult on slashing Money Purchase Annual Allowance
The government has announced a consultation into reducing the money purchase annual allowance (MPAA). The MPAA currently stands at £10,000 per year though the consultation will look to reduce it to...
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Chancellor restricts ‘most’ salary sacrifice benefits in £1bn Autumn...
Chancellor Philip Hammond has restricted the tax-free benefits offered by salary sacrifice schemes – a move that is set to save the government more than £1bn by 2022. The Chancellor said the...
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Autumn Statement 2016: Pensions sector reacts
Chancellor Philip Hammond’s first and, as it turns out; last Autumn Statement was light on pensions regulation alterations – with changes to the Money Purchase Annual Allowance arguably the biggest...
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FCA proposes new regulatory returns for pension providers
The Financial Conduct Authority (FCA) has proposed creating two new regulatory returns for pension providers to collect retirement income data post-pension freedom and so replace current ad hoc...
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FCA to force annuity providers to encourage customers to shop around
Annuity providers will be required to inform their customers how much they could gain from shopping around and switching provider before they purchase an annuity, the Financial Conduct Authority (FCA)...
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Provider scepticism failed to halt secondary annuity market plans
The government pressed ahead with plans for a secondary annuity market despite a lukewarm and – at times – sceptical response from providers, a freedom of information (FOI) request has revealed. The...
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Investec’s Brockman: Structured products might offer investors and their...
Sponsored content What are the greatest challenges facing those approaching and at retirement today? There are a number of ongoing challenges for retirees, but at the heart is the question of whether...
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Scrapping Autumn Statement will give advisers ‘breathing room’ – Les Cameron
Chancellor Philip Hammond’s decision to move the main Budget to the Autumn will provide welcome breathing space from the “thick and fast” pension policy changes of recent years, Prudential has said....
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True Potential’s workplace pension approved and listed by TPR
True Potential has been listed as an approved provider of workplace pensions by The Pensions Regulator (TPR). The regulator’s list, opened in April, is designed to help businesses find a suitable...
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Andrea Rozario: Equity release – talk about an evolution
Equity release products have evolved drastically over the last decade and yet, in order to achieve mainstream acceptance, argues Andrea Rozario, the sector must also evolve the way these products are...
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Adrian Boulding: FCA paper lays out tough comms challenges for LISA providers
The LISA may have turned out to be more challenging than expected, says Adrian Boulding, but that just makes the financial services sector’s task of engaging and communicating with savers that much...
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Move on: Retirement planning for expats in a post-Brexit era
If you are in the process of providing pension advice to clients who are thinking of retiring to mainland Europe, the vote on 23 June for the UK to leave the European Union (EU) will add an extra...
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Bob Champion: The not-so-safe withdrawal rates of retirees
It seems likely that many consumers are going to overspend in their retirement, says Bob Champion – so what does this mean for financial advisers? I make no apology for referring again to a recent...
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Mike Morrison: When it comes to annuities, Joni Mitchell was right
Mike Morrison is not about to start singing but he fears before too long we may be looking back at the annuity market and agreeing ‘You don’t know what you’ve got till it’s gone’. Even if she was not...
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