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Displaying items by tag: pensions

Growing numbers of complaints about Sipps have been blamed for a jump in the levy advisers will have to pay next year.
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A ruling from the Pensions Ombudsman regarding a Sipp could make it harder for providers to stop customers from transferring to possible scam schemes, an expert believes.
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Retirees will be taking out retirement funds via 'pension bank accounts' by 2020, experts have predicted.
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A financial advisory firm has warned of an impending "boom time" for pension scammers after reporting a wave of cold calls to clients from possible fraudsters.
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Monday, 12 January 2015 09:47

Name of new pensions guidance service revealed

The name of the new pensions guidance service has been unveiled today as Pension Wise.
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The Pensions Minister is set to be grilled by MPs in Parliament on Monday as part of an ongoing inquiry into the progress made with automatic enrolment.
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Plans to allow the resale of existing annuity contracts increase the danger of people getting misled by fraudsters, a Sipp provider has warned.
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The Financial Ombudsman Service is forecasting it will have to handle a significant rise in pension complaints in 2015/16.
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A pensions expert believes an idea floated by Pensions Minister Steve Webb for the resale of existing annuity contracts will never work.
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A pensions firm which has recently warned about that retirees face a major financial shortfall has welcomed research finding a healthy attitude among 18-24 year olds towards savings.
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