Pension Freedoms
Retirement | 10 Nov 15
Old Mutual warns of UK pension transfer IHT trap
Savers suffering from ill health could see their pension pots subject to inheritance tax if they transfer to a scheme that gives them greater access to the UK’s pension flexibilities, Old Mutual Wealth has warned.
Retirement | 5 Nov 15
US and Aus reveal ‘detrimental outcomes’ of UK pension freedoms
An examination of the impact pension freedoms have had on other countries exposes the potential downsides and risks facing UK retirees and the British state, a think tank has warned.
Retirement | 3 Nov 15
Billions withdrawn under UK pension freedoms, but common sense prevails
More than half of the funds being invested under the new pension freedoms have been invested in income drawdown products, with the remainder buying annuities, reports the Association of British Insurers (ABI).
Retirement | 18 Oct 15
UK lawmakers call for action on financial advice gap
The UK pension freedoms introduced in April this year are not yet operating as well as they should, and the provision of affordable advice was “woefully inadequate”, a new report from a parliamentary oversight committee found.
Retirement | 9 Oct 15
Fears over pension freedom liability leave savers unadvised
UK financial advisers are avoiding giving advice on the full scope of pension freedoms due to concerns they might be held liable later down the line, according to new research.