Protection for the rights of dependents and beneficiaries particularly vulnerable older people must be cemented before secondary annuity market plans go ahead, the ABI says.
An increase in ombudsman complaints about UCIS has been predominantly driven by the rise in complaints from consumers who had taken out Sipps.
The difference between the average purchase funds size for a lifetime annuity versus drawdown has grown almost three times bigger since the launch of the pension freedoms, research suggests.
As Father’s Day approaches this weekend research has suggested that more than a third rely on their dad for pension and savings advice.
The FCA must fire a warning to firms that barriers stopping savers accessing their pensions are unacceptable, the Government has commanded.
Parmenion has reported that it has processed nearly 3,000 applications for its in-house Sipp in its first year.
The company said this represented over £200m of assets.
The company said this represented over £200m of assets.
A Sipp firm claims its new proposition shows it has risen to the challenge laid down by the FCA for operators in the sector to up their game.
Pension firms have called for greater clarity on the state pension, following the Queen’s Speech yesterday.
James Hay has struck a deal with Towry for around 4,000 Towry Sipp clients to be transferred into the flagship James Hay Modular iPlan.
A pensions firm has announced the appointments of two new directors.
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