Pension Freedoms
Best Practice | 23 Sep 16
Two-thirds taking cash from pensions did not seek advice
Two-thirds of recent UK retirees who took cash from their pension pots during their first year of retirement did so without seeking any professional advice.
Retirement | 20 Sep 16
Limited guaranteed income options a blow to pension freedoms
Annuity rate cuts and all-time low interest rates are risking the success of pension freedoms by limiting the choice of guaranteed retirement income solutions and pushing savers into unprotected drawdown, according to MetLife.
Retirement | 5 Sep 16
UK pensions industry wants tax clarity in autumn statement
With no date set for new UK chancellor Philip Hammond’s autumn statement, and no hints as to what it will contain, the financial services industry will continue treading water, said Jon Gwinnett, pensions technical manager at Nucleus.
Retirement | 26 Aug 16
Calls for more UK pension advice over unexpected tax bills
British savers are being hit with unexpected tax bills after taking money out of their pension pots, research by the Citizens Advice Bureau has found as the charity calls on the government to improve access to financial advice.
Retirement | 15 Aug 16
Some UK savers withdrawing ‘too much’ from pensions, says ABI
Some British savers are withdrawing too much cash from their pension pots and are at risk of running out of money within a decade or less, the Association of British Insurers (ABI) has warned.