Keep up with essential news on pensions and retirement planning, from SIPPs to annuities
4 Apr 2014
Government proposals to allow people free access to their pensions are highly likely to be reversed or watered down in the near future, according to the head of a financial advisory firm.
28 Mar 2014
The new pensioner bonds promised in George Osborne's Budget speech ‘can have a place in everyone’s portfolio', but the interest rate may seem relatively less attractive by the time the bonds become available, according to Neil McGillivray, head of technical support at pensions firm James Hay Partnership.
21 Mar 2014
Despite the historic pension reforms announced on Budget day 2014, annuities will ‘still be the right answer’ for many people, whilst others should ‘take advice’ on the best options, according to Tom McPhail, head of pensions research at Hargreaves Lansdown.
19 Mar 2014
In his Budget speech today, chancellor George Osborne promised that ‘no one needs to buy an annuity' as he unveiled a package of reforms that will ultimately mean an end to restrictions on how people withdraw money from their pensions.
17 Mar 2014
Anthony Gillham, a fund manager on the multi-asset investing team at Old Mutual Global Investors, today told What Investment that ‘annuities have not been enjoying good press of late, and with good reason – they are terrible value for money'.
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18 Feb 2014
The news that sales of annuities fell in 2013 to 350,000 from over 400,000 the previous year is a reflection of the fact that annuities are ‘a nonsensical’ option for most private pension investors, according to James Baxter, a partner at Tideway Wealth.
14 Feb 2014
This morning’s announcement by the Financial Conduct Authority (FCA) that the annuity market is not serving the needs of 80 per cent of its customers has provoked a flurry of reaction from market participants.
3 Feb 2014
In a bold bid to undercut other annuity brokers, Cavendish Online has launched an 'annuity comparison service' which it claims will 'save consumers a packet'.
6 Jan 2014
The idea, mooted at the weekend by the government, that annuity holders may be able to switch between providers every few years has garnered a mixed reaction from investment industry professionals.
6 Nov 2013
A campaign launched today by consumer group Which? for the government to impose a cap of 0.5 per cent on auto-enrolment pensions has been greeted by some scepticism.
30 Oct 2013
Proposals from the Department of Work and Pensions (DWP) to cap the annual charges of some pension schemes at 0.75 or 1 per cent have been given a cautious welcome by some experts, though others warn they could affect the quality of schemes.
9 Jul 2013
Employees investing in the government's National Employment Savings Trust (NEST) will be allowed to save more after the government lifted the annual and the total caps on how much an individual could put away.
26 Jun 2013
The Chancellor, George Osborne, has confirmed that a new cap on the amount people can claim in state benefits will not apply to pensions.
29 Apr 2013
Former director general of Saga Ros Altmann has criticised calls from work and pensions secretary Iain Duncan Smith for pensioners to pay back their benefits.
18 Apr 2013
The Financial Conduct Authority (FCA) has banned the managing director of a SIPP provider from performing any senior role in a regulated firm for investing in high risk investments that he did not adequately understand.
18 Mar 2013
Research conducted by JP Morgan Asset Management has revealed that half of Britons below pensionable age are not saving anything for their retirement with men saving the least.