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TISA, the tax-incentivised savings association, is warning that moves towards a pension Isa would be counter-productive.
In its response to the Treasury consultation on pension transfers and early exit charges, Sipp provider AJ Bell has called for all early encashment penalties that block access to the new pension freedoms to be scrapped.
A Retirement Survey, which polls some of the UK’s leading pension and annuity professionals, found that 86% agree or strongly agree that the UK will see an increase in individuals taking cash beyond their tax-free allowance.
A Sipp provider has reported gaining 168 new commercial property clients in the last quarter to September.
Women in the UK are setting their sights “significantly lower” than men when it comes to how much money they need to live comfortably in retirement.