80 per cent say they will not advise on selling annuities.
New rules to allow more fundraising by mutuals were yesterday made into law.
DWP warns over spending, transferring or giving away pensions to claim state benefits.
Pensions Institute director David Blake launches stochastic software for advisers.
Now: Pensions failed to invest some members’ contributions for at least six weeks following the auto-enrolment provider’s administration switch.
Existing drawdown customers exposed by HMRC reporting requirements.
New ‘safeguarded benefits’ definition conflicts with existing rules.
Sipp provider says complex pensions landscape best navigated through advisers.
Networks and compliance experts are warning advisers against using ‘insistent’ customer processes to appease clients trying to transfer out of defined benefit schemes.
Provider reluctant to give advisers pension input period info.
Aviva UK boss will leave in May despite attempts to keep him in the business.
Calls on the FCA to produce “firm standards” to help customers.
The Government must accelerate reforms of the Money Advice Service or risk wasting huge sums of advisers’ money, MPs warn.
Steve Webb has called on ministers to cease tinkering with levels of tax free pensions savings.
Aviva has backtracked on plans to offer customers guidance on what to do with their pensions in favour of an “information-only” service.
James Hay’s adjusted pre-tax profits dipped by almost a third last year.
Regulator finds firms developing D2C business limiting customer options
Analysis by Money Marketing suggests FCA’s warning notices strategy is ineffective.
The Pensions Regulator’s budget expected to rise to £137m by 2017/18.
George Osborne has disputed claims incoming pension freedoms will leave savers prey to “rip-off merchants”.
Users asked to wait two weeks for appointments.
The FCA’s business plan for 2014/15, published this morning, lays out the major potential challenges it could face this year.
Capital distribution rises to 35 per cent.
Regulator to look at how providers have changed their practices and the suitability of retirement advice.
Transfer bureau aims to help advisers comply with tighter controls on pension transfers.
But investment returns rise to 11.4 per cent.
The Government’s “nudge unit” is teaming with LV= from April to work on planning a new pension passport scheme.
Over a third of people do not trust any party to provide a fair pension system.
Firm says it is concerned about “mixed messages” from the FCA and FOS.
Regulator urges savers to be vigilant as fraudsters target pension pots.
MPs are set to lash out at the regulator’s handling of a briefing to the Daily Telegraph which wiped huge sums from the value of life insurers.
FSCS chief executive justifies interim levy for pension advisers.
Allowing pensioners to sell their annuity is unlikely to automatically generate a second-hand market, says the IFS.
AVCs where members make active investment choice will not have to comply with 0.75 per cent cap.
Start-up promises scheme set up “in minutes”
Lifetime allowance cut to bring in nearly £2bn over five years
Life and pensions advisers face a new £20m bill from the FSCS.
Pensioners who want to swap their annuities for cash or drawdown face a “minefield” and need to be protected by advisers.
PFS chief executive Keith Richards warns advisers that process “insistent” DB to DC transfer requests risk opening themselves up to ombudsman claims.
Govt considers barring people on means-tested benefits from selling their annuities.