Pension Freedoms
Many UK retirees seen using pension freedoms to get cash
Research by UK insurer Royal London has found that nearly 70% of savers who have taken advantage of the government’s new pension reforms since April have taken their money in a cash lump sum.
Retirement | 18 Aug 15
State Street adds DC-focused fund to UK pension range
State Street Global Advisors has unveiled a new fund which caters for individuals who are likely to remain invested in retirement, focusing specifically on those investors in defined contribution schemes.
UK Teacher’s Pension highlights QROPS public sector loophole
The UK Teachers’ Pension scheme has advised its members there is a loophole in the current rules surrounding the transfer of public sector pensions that would allow access to certain qualifying recognised overseas pension schemes (QROPS).
Retirement | 3 Aug 15
Most DB schemes to quote transfer value in pension statements
More than half of UK defined benefit (DB) schemes are planning to quote the transfer value of their members’ pensions on retirement statements, new research has revealed.
Tax & Regulation | 3 Aug 15
UK Gov’t launches review of financial advice industry
The British Government has announced a major review of the regulatory and legal framework governing the whole financial advice industry.