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Half of auto-enrolment savers ‘cannot afford’ contribution hikes
Auto-enrolment is helping savers make better retirement plans but almost half believe they cannot afford higher contributions, according to research from Prudential. The provider found 44% of new...
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Report reveals falling SIPP provider profits ahead of cap ad deadline
Falling profit margins at non-insured self-invested personal pension (SIPP) providers should raise due-diligence concerns for advisers ahead of capital adequacy rules coming into force, analysis from...
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Have your say: Are hybrid products the future of retirement income?
This month’s RP Inquiry wants to hear advisers views on the future of retirement income specifically whether you are recommending hybrid products to clients in the wake of pension freedom. Have hybrid...
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Why financial advisers are better architects than builders
Pressure on financial advisers has never been greater. The rapid pace of regulatory change, an uncertain investment outlook and growing demand for better technology are just some of the pressures...
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Pensions dashboard should be voluntary, TPR chairman
Providers should not be forced to provide customer data for a new pensions dashboard, the chairman of The Pensions Regulator (TPR), has said. Speaking at a conference in London on 16 May, Mark Boyle...
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TISA in FCA talks to make property part of pensions guidance
The Tax Incentivised Savings Association (TISA) is in talks with the Financial Conduct Authority (FCA) to ensure the financial services industry includes realistic information in its advice and...
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Quarter of advisers back increasing use of hybrid products
Hybrid retirement income products are set to become as essential part of the planning process for one in four advisers, and 70% say that they will become a part of their toolkit in the near future,...
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Understanding human behaviour is ‘key to pensions’
Looking at human rationality is fundamental to unlocking the potential of pensions, according to behavioural economist Paul Craven. Speaking at the Workplace Pensions Live 2016 conference on 12 May,...
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Scottish Widows launches active pension portfolios
Scottish Widows has launched a new range of actively-managed portfolios branded the Premier Pension Portfolios. The range is in addition to its existing pension default range and offers an alternative...
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Dunston Thomas dashboard guide provides strategy to industry
Dunston Thomas has created a guide for providers and advisers that aims to help those involved in developing the pensions dashboard ensure it is a success. The industry and advisers will need to...
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Stay sharp: Pension reform regulation coming thick and fast
In October last year, the Financial Conduct Authority (FCA) published a consultation paper on pension reform (CP 15/30) which identified a range of issues that affected regulated firms when dealing...
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Playing it safe: Annual allowance taper hits advice certainty
The introduction of the annual allowance taper has already started to impact on the certainty of the advice that clients are able to get from their advisers. The problem with uncertainty is that it is...
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Pension death benefits: A handy guide to expression of wishes
Things don’t stand still for long in the world of death benefits. While many of the recent changes have been positive, the stream of amendments over recent years has left investors concerned that they...
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Queen’s Speech: Govt to cap exit charges and tackle master trust security
The government is to put together a Pensions Bill which will tackle protections in master trusts and cap exit charges for savers, it announced in the Queen’s Speech. Supporting documentation for the...
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Queen’s Speech: Govt draws line under pension dashboard debate
The creation of a pensions dashboard for consumers to see all their retirement pots in one place will be down to the industry, as the government stopped short of putting in motion any legislation in...
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Queen’s Speech ‘missed opportunity’ to tackle pension fraud
The government has missed an opportunity to tackle the growing pension fraud issue by focusing its Pensions Bill solely on master trusts, providers have claimed. The Queen’s Speech on 18 May revealed...
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APFA hits back at ‘unhelpful’ Bank of England adviser criticism
Criticisms of advisers made by the chief economist of the Bank of England have been countered as “unhelpful” by head of the Association of Professional Financial Advisers (APFA) Chris Hannant who has...
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Who are the new pension intermediaries?
Until quite recently, the main sources of financial advice for small businesses were the accountant and the bank manager. The Bank of England’s Andy Haldane’s comments about the complexity of pensions...
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Zurich launches pensions guidance service
Zurich has launched a new digital pensions proposition for workplace customers to help them manage their pensions and provide guidance on how they can achieve the retirement they want. The service,...
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Mike Morrison to launch probe into SIPP-failure responsibility
AJ Bell’s head of platform technical Mike Morrison (pictured) is to launch his own investigation into who is really responsible for SIPP failures, following mixed decisions from the industry’s...
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