Displaying items by tag: pensions

A director of pensions and investments firm LV= was killed at the weekend after intruders shot him.

Two trustees have been banned because of a pension scheme with £16m of mainly ‘exotic’ investments that “bore the hallmarks of a scam”.

Momentum Pensions has launched a new Sipp and overhauled its existing products to show ‘clearer charges’.

Joanne Segars, the Pensions and Lifetime Savings Association chief executive, is to leave after a decade in charge.

Changes to pensions and savings could again be on the agenda as a result of the snap General Election, a veteran expert believes.

New pension investments (excluding transfers) soared by almost a quarter in 2016, rising from £14bn in 2015 to £17.4bn, suggesting a recovery in pension savings.

A pensions dashboard prototype was unveiled today, as a 24 hour contest began between 20 developers to create the best design.

Pension professionals fear a one size fits all ‘auto-drawdown’ policy will hurt clients, and they have suggested advice vouchers should be re-examined.

We are fast approaching at the second anniversary of the pension freedoms and the removal of the requirement to buy an annuity (officially that is – the real compulsion went several years before). In that two years the focus has been on the numbers – what has been cashed, how much tax has been generated, what product options are popular and very little on how the money has been spent.

The Chancellor has come under fire again today over another of his Budget proposals, as critics attack his “wholly ill-conceived and utterly misguided thinking on QROPS”.