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A consumer survey for the National Association of Pension Funds has found that 83 % of people are positive about the pension changes coming into effect next week but 63% worry they will run out of money before they die.
Talbot and Muir, the Sipp and SSAS specialist, has recruited Jamie Taylor from Hornbuckle to be its new business development consultant for the west of England and Wales.
Sipp provider Suffolk Life has reported a significant increase in the number of capped drawdown applications in the lead up to 6 April when the opportunity to set up new plans disappears.
The recent Budget announcement by the Chancellor that he would reduce the Grand Old Duke of Pensions - the lifetime allowance (LTA) - to £1m from 6 April 2016 will mark the eighth change in the LTA since its introduction in 2006 and this excludes personalised LTA afforded by certain forms of protection.
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The alleged sale of sensitive pensions data to cold calling companies ahead of the new pension freedoms arriving on Monday (6 April) is to be investigated by the Information Commissioner's Office.
A "sting in the tail" could be looming for flexible drawdown clients who could face a HMRC fine of £300 or more.
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