Keep up with essential news on pensions and retirement planning, from SIPPs to annuities
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.
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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.
6 Mar 2013
Health or lifestyle conditions mean 50 per cent of 65 year olds could secure more income from an annuity, new research has found.
1 Feb 2013
Ros Altman, director general of Saga, has criticised the FSA's review of pension annuities, stating that it does not go far enough to address the problems faced by consumers when choosing how to receive their retirement income.
30 Jan 2013
Less than half of employers with fewer than 5,000 staff have confirmed their pension provider ahead of auto-enrolment, according to research conducted by the National Employment Savings Trust (NEST).
24 Jan 2013
Annuity rates have continued to decline, with smokers the latest group to suffer from the slump.
23 Jan 2013
Research from Prudential has revealed that 18 per cent of individuals intending to retire this year have outstanding debts, amounting to an average of £31,200 each.