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Annuity rates climb to 7.25% for 65-year-old
Average annuity rates climbed to 7.25% for a 65-year-old in September, up from 7.11% in June, according to the Standard Life Annuity Rate Tracker.
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XPS completes £42.5m Master Trust sale to SEI
XPS Pensions Group has completed the £42.5m sale of XPS Pensions (Nexus) Limited, principal employer and scheme funder of the National Pensions Trust (NPT), to SEI.
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4 in 10 clients expect to work past retirement age
New research suggests that 43% of advised clients expect to work past standard retirement age and 29% are actively considering retiring overseas.
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Families failing to discuss inheritance plans
Two out of five married couples are keeping their families in the dark when it comes to their plans for passing on wealth, new research suggests.
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FCA secures Restraint Order against SSAS-linked firm
The FCA has secured a Restraint Order under the Proceeds of Crime Act 2002 against collapsed Newcastle-based wealth manager WealthTek, a parent company to a SSAS and SIPP investments provider.
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