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

Quarter of women waive pension rights in divorce

Women are more likely to face financial struggles following a divorce from their partner (31% women vs. 21%) and this is particularly true for older women who divorce.

PMI warns majority of savers will be caught out by pension age rise

The increase in NMPA has been criticised across the industry as it will not apply evenly to everyone and will add extra complexity to the pensions landscape.

Ideas for reducing pension costs in the UK

The benefit of doing this is that there is a National Insurance contribution saving for the employer and employee.

Good things do not always come in small packages, particularly pensions

That’s five different pension pots, and when those pots are small they may not be the best place for your money as costs and charges could significantly erode the value of the pot.

UK publishes data standards for pensions dashboard

It will ‘revolutionise how people keep track of retirement savings’

GMP Equalisation: Duty Does Extend to BPast Transfers

Our 'Guide to GMP equalisation and how to deal with it' provides useful and relevant background information to the broader issues at stake in the Lloyds litigation.

Big jump in pension savers accessing pots after pressing pause in the first lockdown

An increasing number of pensions savers have started to withdraw funds after many pressed pause at the start of the pandemic.

Bartholomew Hawkins enters liquidation

It comes three years after the firm agreed with the FCA to cease pension transfers. The business had given advice to members of the British Steel Pension Scheme.

Expats to be hit with additional pension access charges post-Brexit

The organisation also noted that providers are on high alert regarding overseas pension scams and may refuse to transfer a pension abroad or take up to six months to complete the necessary due diligence to release the funds.

Life company pensions more expensive than platforms

Consumers may be losing up to £100,000 due to costs and fees

How can we narrow the ethnicity pension gap? by St. James's Place

We ask three experts to explore the reasons behind the gap, and discuss how we might begin to address it

Royal Mail in new pensions row

Concerns have been raised that top bosses are getting higher pension contributions than new postal workers

Wealthy savers pull their money from gold-plated final salary pensions

Fewer savers transferred their pensions during the early months of lockdown

QNUPS Pensions For Expats Explained

QNUPS stands for Qualifying Non UK Pension Scheme.

PFS issues FSCS levy call to action

The PFS boss said: "The further increase in levies received by many firms last week has caused both anger and concern with many members asking what they can do.

Chancellor could tweak the triple lock without breaking trust with retirees

The triple lock ensures that state pension incomes are guaranteed to be uprated each year by wage growth, inflation or 2.5%; whichever is higher.

2 Danish pension funds chip into latest European green bond

The 560 billion kroner PFA Pension, Copenhagen, also invested in the bond, according to the release.

FCA announces pensions value for money consultation

We would like to see more employers taking advantage of the £500 per employee per year tax-free advice allowance to enable the overall financial well-being of staff to be part of the benefits offering.

Netherlands moves closer to defined contribution system

Pension funds with a funding ratio above 90% do not have to reduce their pension benefits, the Dutch Ministry of Social Affairs and Employment said.

BNP Paribas Securities Services awarded securities lending mandate by Italy’s Fondoposte

The new mandate extends the relationship between the two firms, with the French custodian providing depositary banking services to Fondoposte since 2016.