Displaying items by tag: pensions
Tuesday, 20 August 2019 12:38
FOS orders Scottish Widows to compensate client
Scottish Widows has been ordered to compensate a client after a rule change around overseas pension transfers led to him being hit by an unnecessary 25% per cent tax charge.
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Friday, 16 August 2019 10:12
Lisa Webster: We must wake-up to risk warnings
On 1 November we will see the first big changes come into force as a direct result of the Retirement Outcomes Review (ROR) – the FCA’s big piece of work on the post-pension freedoms world. Although the ROR focuses primarily on non-advised clients there are knock-on effects that will be felt by all clients, and their advisers too.
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Friday, 09 August 2019 09:06
Claire Trott: More fun and games in the world of SIPPs
The retirement outcomes review continues to cause fun and games in the world of pensions. Particularly for those with more complex pension products.
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Thursday, 08 August 2019 11:25
Pension transfer values and volumes increase during July
Transfer values rose during July 2019, while the number of DB transfers also increased, according to XPS Transfer Watch, which monitors how market developments have affected transfer values for an example member, as well as how many members are choosing to take a transfer value.
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Thursday, 08 August 2019 11:19
Retiree wins £132,000 in unpaid state pension
A pensioner aged 76 who thought he was not entitled to the state pension has received a backdated windfall of £132,800 after intervention from an equity release adviser.
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Friday, 02 August 2019 10:27
Pension withdrawals pass £2.7bn in Q2 2019
Savers withdrew £2.75billion flexibly using the pension freedoms in Q2 2019, up 21% compared to a year earlier, new figures have revealed.
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Wednesday, 31 July 2019 10:03
Pension Scams Industry Group appoints new deputy chair
The Pension Scams Industry Group (PSIG), the voluntary body set up to support trustees, providers and administrators in combating pension scams, has appointed Tommy Burns as deputy chair.
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Tuesday, 30 July 2019 10:44
LEBC reveals 17% increase in pension pot values
National advisory group LEBC has seen the pension pots of clients buying an annuity grow for a sixth successive year.
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Tuesday, 23 July 2019 12:19
Lisa Webster: Calls for independent pension commission grow louder
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Friday, 19 July 2019 09:52
Origo reveals 20% rise in pension transfer volumes
Transfer volumes through the Origo Transfer Service have increased by 20% year on year between 30 June 2018 and 30 June this year, to over 680k, it has been revealed.
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