- Managers of Wealth - Europe - Wealth, private banking and asset management news and opinion

MPs call for hike to pension freedom age

MPs say allowing savers to cash in their pensions at age 55 could create 'unrealistic expectations' about retirement.

Barclays 'misleading shareholders' says pension body

Barclays said there had been no breach of promise and that Mr Gillies would succeed Sir John on 23rd April.

QROPS Solve Expat Pension Banking Problems

Expat pensioners are suffering from the knock-on effects of tighter financial regulation following the credit crunch as British banks close overseas accounts

How to retire like a millionaire

Buying a decent annuity for your retirement usually means having a very hefty pension pot to draw upon. Another, often cheaper, solution is to remain invested

Axa Wealth’s Secure Advantage+ combines annuity and drawdown

Holders of the plan will also be able to choose different investment strategies according to their attitude to risk.

Legal & General chief calls for 'fairer' pension tax relief as profits jump

The boss of Legal & General has backed calls for a flat rate of pension tax relief, arguing this would create a fairer system for lower earners

Poland's second-pillar pensions reform faces class action

Poland’s controversial second-pillar pensions law, which took effect in 2014, is facing a new legal challenge.

FCA estimates up to £840m ‘irrational’ DB transfer demand

In an annex to a paper published this morning setting out new rules on advice from pension schemes with ‘safeguarded’ benefits, the regulator sought to quantify how many savers might seek to ‘irrationally’ transfer.

FCA publishes final rules for charges in workplace pension schemes

The Financial Conduct Authority (FCA) has today confirmed final rules which will require firms operating workplace pension schemes to implement a charge cap for default funds used for automatic enrolment

Where do international advisers stand following the pension reforms?

Unless you have been living in an underground cave three miles west of Timbuktu you will be aware that the pension system has been reformed

Over half of advisory firms see business boosted by pension reforms - Survey

Majority of advisory firms already seeing bottom lines boosted by pension freedoms

Labour weighs pension tax relief cuts to fund student fees

Labour is weighing plans to cut pension tax reliefs in an effort to raise £2 billion to subsidise university tuition fees, according to reports.

FCA sets out rules on pensions sales ahead of April shake-up

The FCA advised pension providers to discuss the individual's health and make customers aware of investment scams in the risk warnings.

No big bang after pension rules change, says Old Mutual boss

Investment firm is preparing for the retirement overhaul on April 6 but does not expect a rush to move money

Industry calls for independent Pensions Commission

The report, “Consensus Revisited” reveals that, despite a number of positive policy initiatives, many future savers are still unlikely to secure adequate retirement incomes as a consequence of economic and demographic headwinds

Nutmeg aims to shake up Sipps with pension launch

Nutmeg is seeking to take on the likes of Hargreaves Lansdown in the Sipp market with the launch of a pension product

Over half of asset managers will not reduce fees for April charge cap

The polls were carried out at a DC conference held by the Association of Investment Management Sales Executives (AIMSE), attended by more than 90 managers.

DWP: We don’t want to dictate how schemes look

The government wants to encourage innovation in the pensions industry without dictating how the schemes will look, as it continues to create the collective benefits scheme framework.

The Pensions Regulator publishes transfer guidance

The guidance is aimed at making sure trustees have appropriate processes in place to manage transfer requests.

Dutch schemes must increase transparency on appointments, outsourcing

The committee has drawn its conclusions on the findings of research bureau Ecorys, which had checked 222 annual reports over 2013 for 34 of the 83 standards of the protocol.