04/01/2016
Old Mutual Wealth will introduce the 5% cap from 1 July 2016, and this will mean the average exit fee across all its pensions will fall by 2%, it claims. The firm said there are approximately 3,700 customers over 55 in pensions that have exit fees.
04/01/2016
They can offer tax and investment benefits to many retirement savers, depending on their personal financial circumstances.
03/31/2016
Pensions minister Ros Altmann claims government cannot afford to help retirees struggling on ‘frozen’ state pensions outside the UK.
03/31/2016
It is capping them at 5 per cent for all customers eligible to access their pension, so those that are aged 55 or over.
03/30/2016
In 2001 Drake co-founded P-Solve, a firm that provides consultancy advice on a range of financial topics.
03/30/2016
China's Legend is likely to wrap up a deal to invest in the insurer of EMI's retirement scheme within weeks, Sky News learns.
03/29/2016
It comes amid a period of low returns on investments and higher life expectancy.
03/28/2016
The overhaul follows the Swedish government’s decision in December to postpone a planned reform of the pension system, which would have resulted in the closure of two state pension funds and a review of the investment limits for the remaining funds.
03/28/2016
Just over half of the withdrawals, or 55 per cent, were for cash sums of £10,000 or less.
03/24/2016
Providers still maintain demand is growing
03/23/2016
The evidence suggests that as a group they are managing well within the new environment of pension freedom, and that they are not on the whole making poor investment decisions that could threaten their later financial security.
03/22/2016
His move to Just Retirement Ltd comes as the annuity provider enters the final stages of its merger with Partnership.
03/21/2016
Under the Pensions Act the regulator has the power to ensure ‘that pension liabilities are not avoided or unsupported’.
03/21/2016
Vanguard, one of the largest defined contribution asset managers in the US, is ramping up its efforts to grab a larger slice of the UK market.
03/18/2016
For many British expatriates in the UAE, that special something is a final salary company pension scheme.
03/18/2016
Canadian pension funds are among the world’s biggest investors in British real estate and infrastructure, including the Canada Pension Plan Investment Board
03/17/2016
David Smith, Director of Financial Planning at Tilney Bestinvest, reviews some of the Chancellors less prominent pension related revelations
03/16/2016
The report follows the schemes’ adoption in January 2015 of the master trust assurance framework provided by the Institute of Chartered Accountants in England and Wales.
03/16/2016
Providers’ auto-enrolment funds were ranked on three criteria: transparency, governance and responsible investment performance.
03/16/2016
This means it can only cover 88% of its pension obligations. Health service pension fund Zorg en Welzijn has dropped to 87%, the lowest of the big five.