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

Sesame told to pay over pension advice

Ms Cribbs noted the critical yield needed if Mrs C had decided to retire at age 55 was 4.8 per cent.

Aegon highlights Self-employed are Big Winners

The self-employed were excluded from the additional earnings related pension so their maximum possible state pension was £119.30.

Tomorrow's 'simplified' state pension leaves thousands worse off

New system will have winners and losers

Annuities since pension freedoms – what doesn’t kill you makes you stronger

eValue data shows the closing gap between annuities and drawdown, and if the trend continues annuities will very soon overtake drawdown

The giant pension scheme thwarting Tata Steel rescue

The £15 billion British Steel Pension Scheme leaves workers and politicians in a difficult position as they scramble to rescue Tata Steel.

Latest pension freedom stats from Royal London

We believe this is because anyone choosing the Royal London income drawdown plan will have taken financial advice.

Don’t die before August

Today sees yet a further cut to the lifetime allowance, with the value of tax relieved pension benefits an individual is entitled to accrue during their lifetime, reduced to £1m. Gary Smith, Financial Planner at Tilney Bestinvest, delves into the im

Britain's government is taking up to £19,000 from each millennial's pension

The Pensions Policy Institute said in a report that 11.4 million workers — which are now in their 20s and 30s — will lose up to £19,000 under the new system.

Danish pension fund to take even more assets in-house

The pension provider is particularly keen on making more direct investments, whereby investors bypass private equity funds and take stakes in companies directly.

Pension transparency must go further - Zurich UK Life

Which? report highlights confusion over state pension

L&G unveils income fund for retirement planning

The fund invests in large caps and investment grade bonds and aims to generate inflation plus 4 per cent annually in three-year rolling periods with income reinvested.

Old Mutual Wealth to cap exit fees at 5%

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.

QROPS Pension Transfer Charges, How Much?

They can offer tax and investment benefits to many retirement savers, depending on their personal financial circumstances.

‘Frozen’ state pensions won't improve, says Altmann

Pensions minister Ros Altmann claims government cannot afford to help retirees struggling on ‘frozen’ state pensions outside the UK.

Old Mutual Wealth cuts exit fees on older UK pensions

It is capping them at 5 per cent for all customers eligible to access their pension, so those that are aged 55 or over.

PwC adds Andrew Drake and Selina Hall to pensions practice

In 2001 Drake co-founded P-Solve, a firm that provides consultancy advice on a range of financial topics.

China's Legend Nears £500m UK Pensions Deal

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.

Pension Crisis Looming as UK Firms Face £800bn Black Hole

It comes amid a period of low returns on investments and higher life expectancy.

Sweden’s AP2 pension fund takes assets in-house

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.

Over-55s withdraw £6bn in first year of UK pension freedoms

Just over half of the withdrawals, or 55 per cent, were for cash sums of £10,000 or less.