Industry experts have bemoaned the failure of the Queen’s Speech to move the pensions dashboard scheme further forward and to tackle fraud.
The vast majority of consumers (88%) are missing common warning signs of a pensions scam including a growing trend by scammers to offer bogus “free financial advice”, the Citizens Advice Bureau has warned.
Despite not getting top billing in yesterday’s Budget – unlike the bombshell announcements of 2014 – pensions did still feature.
Pension savers are struggling with so-called ‘retirement envy’ as they see the living standards and lifestyles of people who are already retired, says new research.
Any moves to further reduce tax relief on future pension contributions would be a “second tax grab on pension savers”.
Failure to save earlier in life to build up a pension is the biggest financial regret for over a quarter of over 65 year-olds, a survey suggests.
The FCA is to review its pension rules post the pension reforms to address the, “risks and challenges faced by consumers in the new retirement market.”
Employer contributions are crucial to boosting pension savings for over half (54%) of those enrolled in a defined contribution pension scheme in the UK, new research has revealed.
A Sipp firm has reported a surge in enquiries from advisers about succession planning on behalf of their clients.
Plans for a secondary annuities market will not be implemented until at least 2017 after the Treasury said the move would be delayed.
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