Siobhan Barrow: What retirement advisers have learned after five years of ‘freedom’

Siobhan Barrow assesses the impact of pension freedom after five years of operation. Here she explains what advisers should be asking clients to ensure they get the most out of their retirement during these turbulent times

Aviva tops FOS pension complaints list

Financial Ombudsman Service (FOS) data from the first six months of 2020 has revealed Aviva received the most pension complaints of all firms listed.

FCA declines to say if pension freedoms were a ‘mistake’

The Financial Conduct Authority (FCA) declined to answer whether it believed the introduction of pension freedoms was a mistake that has led to greater opportunities for pension scammers.

Stephen McPhillips: The numbers game of SIPP consolidation

Stephen McPhillips explores the consolidation in the SIPP market and warns if deals are going ahead largely to drive client numbers ever skywards what follows might not be a pleasant experience for either client or adviser.

Tom Selby: Covid-19 pension tax relief raid risks widening generational divide

With rumours once again swirling around the future of pensions tax relief in the run up to this year's budget, comments Tom Selby, any reduced incentive for long-term savers could risk further exacerbating the generational divide in retirement...

PIMFA warns MPs on ‘out of control’ FSCS levy

At a parliamentary hearing on Wednesday (16 September), PIMFA raised issues surrounding the ever-rising FSCS levy and also suggested the burden of...

Pensions Awareness Day 2020: Savers ‘ignoring’ schemes’ fraud warnings

Warnings from pension companies to savers who are looking to transfer their pension somewhere that does not look right are often ignored, says Phoenix Group.

Claire Trott: Retirement age on the up (again)

Claire Trott assesses the impact of rising pension ages and outlines what advisers should be communicating to clients affected by the next shift

TPR needs power to halt suspected fraudulent transfers, report urges

Pension companies must be given the power to trigger an “urgent regulatory response” to savers at risk of fraud, while regulators should be able to override the right to transfer, The People’s Pension and The Police Foundation have said.

PFS warns of post-lockdown pension transfer request ‘spike’

A potential surge in pension transfer requests as a result of the economic fallout from lockdown could see demand for advice rocket, putting increased pressure on the profession, the Personal Finance Society (PFS) has warned.

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Adrian Boulding: Go against the pack and consider an annuity

The much-maligned annuity is still a worthy contender in the retirement income space, writes Spire Platform Solutions' Adrian Boulding. Here he outlines why advisers shouldn't discount them entirely