Pension
Fixed Income | 10 Mar 16
Offshore bond uplift after new LTA cap is wishful thinking
Providers expecting the reduced lifetime allowance (LTA) to spur offshore bond sales to UK residents are guilty of “wishful thinking” according to a number of distributors, who are failing to see any increase in appetite.
Budget concerns drive UK Sipp contributions up in February
Concerns around the upcoming UK budget saw consumers making the most of their pension benefits in February with self-invested personal pension (Sipp) contributions up by 203% compared with the same month last year.
Retirement | 8 Mar 16
Majority underestimate retirement finance needs
Nearly eight out of 10 globally mobile workers underestimate the amount of savings needed to fund their future retirement, a study by deVere Group has found.
Offshore bond demand to rise following pension changes
Over a third (36%) of professional advisers expect to recommend more offshore bonds to clients following reductions to annual and lifetime limits for pension contributions, according to Canada Life.
Tax & Regulation | 5 Mar 16
UK’s Osborne scraps plan for budget pension tax changes
The UK chancellor George Osborne has abandoned plans to shake up the pension tax system in this month’s budget after pressure from Conservative MPs, according to media reports.