Displaying items by tag: pensions

A pensions firm's co-founder has predicted chaos if Scots vote for independence and says everyone in the financial services industry is keeping their fingers crossed that it does not happen.

Advisers are deeply concerned at how Government tinkering with pension reform legislation is affecting their ability to help clients, a Sipps firm has reported.

The latest annuity data has suggested customers with smaller pension pots have immediately started to use the new freedoms to take their cash lump sum, according to the ABI.

Scottish independence could make "a mockery" of annuities and cause significant adverse affects for pensioners, an advisory firm fears.

The Budget pension reforms do pose a risk of leading to misselling, the FCA's chief executive has admitted, following concerns raised by MPs.

The annual contribution limit and transfer restrictions on the National Employment Savings Trust will be lifted, the Pensions Minister announced this morning.

An organisation which represents schemes providing pensions for over 17 million people has labelled the new options for retirees arising from the Budget reforms as "baffling".

There was a 46% rise in the number of complaints about Sipps made to The Pensions Advisory Service in the last year.

A ruling against a Sipp operator which sparked fears of a precedent being set and a rise in claims will be reviewed by The Financial Ombudsman Service.

Total assets of the world's largest 300 pension funds grew by over 6% in 2013 to reach a new high of almost US$15 trillion, freshly released figures showed today.