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Pensions Ombudsman clears providers over suspicious scheme transfers

Two pension providers who approved transfers worth more than £50,000 to a suspicious pension scheme have been cleared of wrongdoing by the Pensions Ombudsman...

‘Ban commission outright’: Five IFAs’ general election wishes

With just weeks to go until voters take to the polls in the general election, Retirement...
Will freedom and choice boost the equity release market?

Fresh call for ‘insistent’ client advice safeguards

The regulator must issue clear guidelines on adviser liability when handling pension transfers involving 'insistent' clients, according to the Association of Professional Financial Advisers...

Pension Wise: What clients are going to get

Core to the government's strategy for pensions freedom post-6 April is the opportunity to get free 'guaranteed guidance', branded Pension Wise, for all those...

UKIP IFA brands govt’s pensions guidance approach ‘unfair’

An IFA standing for the UK Independence Party (UKIP) at this year's general election has...

PFS pushes FCA for extra DB pension transfer safeguards

The Personal Finance Society (PFS) is in discussions with the Financial Conduct Authority (FCA) and government...
Rewriting the rules on retirement planning

Honey, I shrunk the lifetime allowance!

Sometimes common sense dictates, but it turns out no one in authority is taking it down. Regrettably, one such example is the lifetime allowance (LTA)...
Making it work: Getting the most out of pensions freedom

New world: How platforms are adapting to pensions freedom

Last year's Budget is in the distant past, but the memory and impact remains and will continue well past the initial weeks of pensions freedom and...
An alarming lack of knowledge

Citizens Advice sounds stark pensions fraud warning

Sophisticated fraudsters are increasing their activity in the pensions space as they try to take advantage of 'cash rich' retirees, according to Citizens Advice. The...

FSCS confirms 100% protection for annuities

The Financial Services Compensation Scheme (FSCS) will soon protect the total value of people's annuities,...
 

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Earlier this week, Neil MacGillivray took a view on what taxes may be implemented to subsidise the government's recent surge in Covid-19 spending but, after Wednesday's summer economic update from the Chancellor, the tax expert says Rishi Sunak is still all "give, give, give"...