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Displaying items by tag: pensions

James Hay has added 11,000 Sipps in the first 10 months this year – nearly double that of the whole of 2014.
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Tuesday, 17 November 2015 12:05

Leap in retirement saving among 25-74 year-olds

The proportion of 25 to 74 year olds saving for retirement has leapt up in the last two years, a report published this morning has suggested.
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Around 2.4 million grandparents are breaking open their pension piggy banks to help their grandkids, a study has indicated.
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About 14 million people aged 25-34 could be underestimating the pot they need at retirement by nearly £400,000, new research has suggested.
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Nearly one in four over-55s plans to take cash out of their pension funds while still working.
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The CII is to launch a new pensions exam unit to support professional standards in the sector.
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Tuesday, 03 November 2015 10:41

AXA Wealth MD warns of pension Isa pitfalls

David Thompson, managing director of business development and proposition at AXA Wealth, has joined the chorus of leading figures expressing concerns about a pension-Isa merger.
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ABI data released today shows that £4.7bn has been withdrawn under the new pension freedoms but surprisingly annuity sales have risen for the first time in three years.
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TISA, the tax-incentivised savings association, is warning that moves towards a pension Isa would be counter-productive.
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In its response to the Treasury consultation on pension transfers and early exit charges, Sipp provider AJ Bell has called for all early encashment penalties that block access to the new pension freedoms to be scrapped.
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