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Pension reforms garner cautious response

Retired people in the UK have responded cautiously to the government's pension reforms, with relatively few opting to withdraw all their cash. Of several hundred phone calls to one big provider, just 7.7% were inquiries about cashing in a whole pension. The government's guidance service has also got off to a quiet start.

Parmenion adds extra drawdown options to in-house SIPP

Parmenion has added four withdrawal options to its in-house self-invested personal pension (SIPP) offering, including uncrystallised lump sum (UFPLS). Pension commencement lump sum (PCLS), ‘taxable...

Final salary transfers: Why advisers’ approach has changed forever

I've had the opportunity recently to review some defined benefit pensions in order to determine whether a transfer out may be suitable. Perhaps unsurprisingly, we've...
A case study special on death benefits post-pensions freedom

Adviser checklist: Pensions freedom pointers

Pensions freedom gives increased flexibility to consumers looking to access their pension pots and gives advisers the opportunity to engage and, of course, offer...

Mike Morrison: The thorny issue of DB transfer advice

The always thorny topic of transfers from defined benefit (DB) schemes to defined contribution (DC) arrangements (self-invested personal pension or personal pensions included) is...

Why a default retirement pathway is essential under pensions freedom

After much fanfare, debate and speculation, the government's brand new pensions freedom reforms are almost here. These new flexibilities have the potential to bring real...
Market movements: TPAS talks guidance and advice

Pensions freedom under threat from provider ‘capacity crunch’ – TPAS

Providers will struggle to cope with demand as pensions freedom and choice begins, The Pensions Advisory Service has warned. Chief executive Michelle Cracknell said a...
A case study special on death benefits post-pensions freedom

Case study special: Death benefits post-pensions freedom

The case study Fidelity retirement director Alan Higham (AH) came up with the following scenario… Death benefits Brian Bowers is a recent client. He is 65 years...
Rewriting the rules on retirement planning

Missed opportunity: Osborne should have canned lifetime allowance

Last year's Budget packed such a powerful pensions punch that the 2015 announcement felt a bit limp in comparison. The new flexibilities announced in 2014...

Rachel Vahey: ‘Dear George, pensions are not a cash cow’

The Chancellor used his last election before the general election to cut the lifetime allowance on pension saving from £1.25m to £1m. Here independent...
 

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