The Personal Finance Society wants the Government to impose a ‘seven basis points’ levy on funds under management per year as a solution to FSCS funding problems.
Investors have launched legal action against Liberty SIPP over allegations it cost them money through risky investments.
New analysis of 17,000 drawdown customers by a provider has revealed wide variations in the amount taken from pension pots but few signs of pensioners taking out all their cash in one go to buy a Lamborghini.
Two financial adviser brothers, who conned 200 pensioners and vulnerable clients out of millions of pounds, have been jailed for a total of 11 years today.
Royal London director of policy Steve Webb has called for an end to what he called the “absurd” way pension withdrawals are taxed.
Stock market volatility and economic uncertainty have led to a sharp spike in over-50s being risk-averse with their pension savings, new research indicated.
Aegon has called for the limit on Income Tax and NI relief on employer-arranged pension advice to be doubled.
Morton Fraser has been named as the provider of legal services in Scotland, for SIPP provider Rowanmoor.
National IFA LEBC The Retirement Adviser has called for clarity for consumers considering pension transfers.
HMRC has taken down a web page, which allows users to check how much money they can put into a pension, after “blunders” were spotted by tax experts at Royal London.
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