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Old Mutual Wealth 2014

Sesame confirms Intrinsic AR referral deal

24 April 2015 4:13 pm | By Sam Brodbeck

Money Marketing revealed tie-up last month.

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Pensions governance committees 'retirement homes' for industry veterans

24 April 2015 1:00 pm | By Sam Brodbeck

One trustee firm represented on four of the largest providers’ committees.

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Annuity rates plummet to lowest level since 2012

24 April 2015 10:30 am | By Mark Sands

Annuity rates are falling faster since the turn of the year, according to Moneyfacts.

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Phoenix signs up to Just Retirement simplified advice service

24 April 2015 8:50 am | By Sam Brodbeck

Customers will be referred to Just Retirement for over the phone recommendations.

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Think-tank: UK market still well suited to annuities despite pension freedoms

23 April 2015 4:14 pm | By Sam Brodbeck

UK’s tax regime, low state pension and sophisticated market mean annuities remain attractive.

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Ombudsman says Prudential wrong to block transfer to suspect scheme

23 April 2015 3:19 pm | By Sam Brodbeck

Pensions Ombudsman says provider failed to properly investigate the transfer.

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Should savers be given free advice 'voucher' at retirement?

23 April 2015 1:00 pm | By Mark Sands

Ukip has been accused of “mollycoddling” retirees after proposing to offer a guarantee of free financial advice to protect savers.

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Industry urges FCA clarity on pension transfer rules

23 April 2015 1:00 pm | By Sam Brodbeck

Conflicting DWP and FCA definitions must be addressed.

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Insolvency Service: Drawdown pensions out of scope for debt collectors

23 April 2015 11:00 am | By Sam Brodbeck

But debtors’ petitions could be unwound if pension savings exceed debts.

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Labour election win could block cash for annuity plan

23 April 2015 9:30 am | By Tom Selby, Sam Brodbeck

A Labour government may roll back plans to develop a secondary market for annuities, Money Marketing can reveal.

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Ombudsman backs L&G and Scottish Widows in pension scam complaint

23 April 2015 8:13 am | By Sam Brodbeck

Member loses £50,000 but Pensions Ombudsman throws out complaint.

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SNP targets 'unfair' pension charges

20 April 2015 4:00 pm | By Mark Sands

The SNP has warned that while it backs pension freedoms, it plans to identify and target hidden and unfair charges.

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GBST to power Just Retirement platform

20 April 2015 10:11 am | By Sam Brodbeck

Composer platform allows customers to “mix and match” their savings.

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Conservatives to appoint Ros Altmann consumer protection minister

18 April 2015 8:00 am | By Sam Brodbeck

Altmann will review drawdown charge cap and future of the Money Advice Service.

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Walk on by: Savers spurn Pension Wise in favour of providers

17 April 2015 8:30 am | By Sam Brodbeck

In the early days of pension freedoms the influence of providers, rather the Government’s flagship Pension Wise service, is being brought to bear on savers.

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Providers urge Govt to reverse annuity buy-back ban

16 April 2015 1:00 pm | By Sam Brodbeck

People selling their annuities will get a better price from their original providers, say insurers.

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Ukip to investigate advice 'voucher' system for retirees

16 April 2015 8:50 am | By Mark Sands

Ukip plans to offer guaranteed free advice to retirees, as well as sharply increasing guidance budgets.

Comments (3)

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Drawdown customers risk losing out from 'mortality drag', report warns

16 April 2015 8:41 am | By Sam Brodbeck

Annuities are value for money, despite poor reputation, report says.

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Arck investors face further FSCS claim delays

16 April 2015 8:34 am | By Tom Selby

Investors in failed property investment scheme Arck are facing further delays as the Financial Services Compensation Scheme continues to investigate claims against advisers

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Hammer blow: Politicians use 'cash cow' pension tax relief to fund election bribes

16 April 2015 8:30 am | By Mark Sands

Pension tax relief is set to take another hammering from reform-hungry politicians.

Comments (7)

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ABI: Providers took 200,000 calls in first week of pension freedoms

15 April 2015 2:48 pm | By Tessa Norman

Call volumes were 214% above the average last week. 

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Lib Dems promise flat-rate pension tax relief review

15 April 2015 11:17 am | By Mark Sands

The Lib Dems have promised to review a new flat rate of tax relief for pensions.

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Ukip plans state pension overhaul

15 April 2015 10:35 am | By Mark Sands

Ukip will set the state pension age at 65 as part of a range of pension reforms.

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Just Retirement launches simplified advice service

13 April 2015 11:00 am | By Sam Brodbeck

Firm aims to target “middle Britain” through pension providers.

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Hargreaves switches Sipp trustee to boost cash returns

10 April 2015 1:27 pm | By Sam Brodbeck

Changes allow firm to invest in broader range of fixed-term deposits.

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PRA confirms 100% annuity compensation

10 April 2015 12:22 pm | By Sam Brodbeck

People in receipt of annuities will receive 100 per cent compensation if their provider goes bust.

Comments (2)

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Advisers blast 'crazy' Pension Wise ad ban

10 April 2015 11:00 am | By Mark Sands

Advisers have lambasted “crazy” Government rules which have led to the withdrawal of TV advertising for Pension Wise.

Comments (4)

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How ready are Sipp providers for imminent cap ad hike?

10 April 2015 9:30 am | By Sam Brodbeck

LV=, Rowanmoor and Attivo would all have less than 100% coverage if the cap ad rules applied today.

Comments (1)

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Open for business: What are the options in the brave new pensions world?

10 April 2015 8:30 am | By Sam Brodbeck

Advisers waiting for a flood of products to meet the demands of the new pension freedoms have been told to expect “evolution not revolution”.

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Providers mandate advice on internal pension transfers

9 April 2015 4:17 pm | By Sam Brodbeck

L&G, Prudential and Aviva mandating advice before switching customers to modern plans.

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Pru in talks with Bravura over UK platform launch

9 April 2015 1:30 pm | By Tom Selby

Pru spokesman says the offering is unlikely to be unveiled until the end of 2015.

Comments (2)

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Will mandatory 'cooling-off' periods protect savers from pension scammers?

9 April 2015 1:00 pm | By Mark Sands

The value of Labour plans to introduce mandatory “cooling-off” periods for DC pensions savers has been questioned by providers.

Comments (3)

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Axa IM launches pensions freedom product

9 April 2015 10:54 am | By Laura Suter

New fund to be offered exclusively via Axa Wealth initially.

Comments (1)

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Aberdeen launches four multi-asset funds

9 April 2015 10:19 am | By Valentina Romeo

The funds offer an alternative investment to the traditional annuity purchase.

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Standard Life warns advisers over ‘sophisticated’ email scams

9 April 2015 10:00 am | By Tessa Norman

The providers’ clients continue to be targeted by scammers. 

Comments (3)

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Standard Life reports 'unprecedented' demand following pension freedoms

9 April 2015 8:36 am | By Sam Brodbeck

Customers take cash to pay for a wedding and buy a speedboat.

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Labour plans mandatory ‘cooling-off period’ amid pension fraud concerns

9 April 2015 8:00 am | By Mark Sands

Labour is seeking “colling off periods” and kite-marking to better protect customers against pension scams. 

Comments (5)

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Govt fails to change Pension Wise website's 'misleading' errors

8 April 2015 4:08 pm | By Tessa Norman

Site remains in development mode several days into the Government’s pension reforms. 

Comments (5)

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Experts blast 'misguided' Labour non-dom plans

8 April 2015 4:05 pm | By Mark Sands

Labour plans to end tax loopholes allowing individuals to claim non-domiciled status have drawn fire from economics experts and the business community.

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Origo to launch bulk pension transfer service for DC market

8 April 2015 2:17 pm | By Tessa Norman

Service to launch by the end of the year. 

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