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Number of ‘unsustainable’ pension withdrawals hits record high
The proportion of pensions being drawn down at 8% or over has hit its highest recorded level for pots of all sizes, according to analysis of the latest FCA data.
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Pimfa calls for road map as pension withdrawals surge
Wealth manager trade body Pimfa has called for a clear tax road map to stem the tide of people accessing their tax-free pension cash because of speculation and headlines.
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Wealthy clients rethink inheritance plans on Budget rumours
Wealthy clients are increasingly seeking advice on inheritance tax and estate planning amid growing speculation ahead of the Autumn Budget, according to wealth manager Rathbones.
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Ashcourt Rowan has been fined £412,000 by the Financial Services Authority for legacy issues relating to its Savoy Investment Management business.
Aviva has called for standards to support the automatic transfer of pensions when employees move jobs.
Sipp provider Liberty Sipp has launched an ultra-low cost Sipp in association with financial adviser firm James Brearley and Sons.
The Independent wrap platform Ascentric has announced the appointment of Matt Nelson and Lester Curley to its Business Development team. The duo will report to Head of National Sales, Alan Ferguson.
Aberdeen Asset Management will today present research into UK private workplace pensions to Pensions Minister Steve Webb MP.
The Money Advice Service has said it is helping 30,000 consumers per week to manage their finances.