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Pensions IHT changes to exacerbate probate issues
The change to the treatment of pensions under inheritance tax rules due to take force from 2027 will exacerbate existing delays in probate cases, according to a report from wealth manager and Financial Planner Quilter.
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Aggregate DB surplus falls to £226bn, says PPF
The aggregate surplus of DB pension schemes dipped to £226.2bn at the end of December, according to the latest Pension Protection Fund (PPF) 7800 Index.
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Bond turmoil causes annuity rates to surge
The turmoil in the bond markets has caused annuity incomes to soar by almost 50% in the last three years, new data shows.
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FCA fines tripled in 2024 compared to 2023
New analysis of FCA fines data has revealed that the total amount of financial penalties imposed by the regulator in 2024 tripled compared to 2023.
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Failed SIPP firm Unity sold as FCA probe continues
Unity SIPP, part of the failed PSG SIPP (PSGS) business, has been sold to Pathlines Pensions UK Limited, formerly London & Colonial (LCS).
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