The Pensions Regulator has pledged to ensure that the one million-plus small and micro businesses preparing for automatic enrolment get it right.
Average compensation payouts for Sipp related claims increased by around 50%
to £16,375, the FSCS has revealed this morning.
Savers took out £800m worth in payments from income drawdown policies in 170,000 withdrawals in the first two months after the pension reforms kicked in.
A SSAS provider has urged advisers to review their SSAS books of business following HMRC's increased controls on the new fit and proper test.
Plans for a secondary annuities market will not be implemented until at least 2017 after the Treasury said the move would be delayed.
George Osborne has opened up the possibility of “radical reforms” which could mean pensions become taxed like ISAs.
The Office of Budget Responsibility (OBR) has recently issued its annual Fiscal Sustainability Report. This report looks at how government spending and revenues may evolve over the next 50 years and how this will impact on public sector net debt.
The Pensions Ombudsman has admitted it has been struggling to cope with rising demand as figures show a 42% increase in investigations over five years.
A SSAS and Sipps firm has announced it is doubling its pool of investment managers which provide access to discretionary fund management services.
The standard annuity rate rose to its highest level for the whole of 2015 during June, according to figures released this morning.