Tom Selby
Best Practice | 26 Jan 18
UK Govt backs down on pension freedoms ‘auto guidance’ plans
The UK Government has removed an amendment to the Financial Guidance and Claims Bill, that would have required people taking benefits under the pension freedoms or transferring benefits to be automatically enrolled into guidance.
Best Practice | 24 Jan 18
Pension freedoms withdrawals hit fresh low
Withdrawals under the pension freedoms have hit an all time low, reducing the need for emergency regulation or government intervention, an industry expert says.
Best Practice | 22 Nov 17
Budget: Little pension change a ‘welcome respite’
It is “business as usual” for UK pensions as no major changes were included in the Autumn Budget by chancellor Philip Hammond, although some small tweaks were made to the lifetime allowance, asset management and the personal income allowance.
Pensioners opt for financial advisers over Pension Wise
Consumers entering income drawdown are three times more likely to seek professional financial advice than they are to use the government’s free Pension Wise service, according to new research by AJ Bell.
Qrops market suffers big hit, further falls expected
The number of Qrops transfers in the last financial year dropped to the lowest level since 2010/11 and is expected to fall further on the back of the UK Government’s 25% charge, as the amount of money accessed via the pensions freedoms hits a record high.