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Unwilling advisers threaten Govt tradeable annuites plan

27 March 2015 3:06 pm | By Sam Brodbeck

80 per cent say they will not advise on selling annuities.

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Mutual fundraising legislation granted Royal Assent

27 March 2015 1:42 pm | By Mark Sands

New rules to allow more fundraising by mutuals were yesterday made into law.

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Govt confirms undrawn pensions out of debt collectors' reach

27 March 2015 1:38 pm | By Sam Brodbeck

DWP warns over spending, transferring or giving away pensions to claim state benefits.

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Pensions Institute director unveils modelling tool

27 March 2015 1:00 pm | By Sam Brodbeck

Pensions Institute director David Blake launches stochastic software for advisers.

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Admin switch leaves Now: Pensions members uninvested

27 March 2015 11:45 am | By Sam Brodbeck

Now: Pensions failed to invest some members’ contributions for at least six weeks following the auto-enrolment provider’s administration switch.

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Thousands of flexible drawdown savers risk sleepwalking into reporting fine

27 March 2015 11:43 am | By Sam Brodbeck

Existing drawdown customers exposed by HMRC reporting requirements.

Comments (2)

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Aegon writes to DWP over 'safeguarded benefits' confusion

27 March 2015 11:00 am | By Sam Brodbeck

New ‘safeguarded benefits’ definition conflicts with existing rules.

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Talbot & Muir calls time on non-advised business

27 March 2015 10:15 am | By Sam Brodbeck

Sipp provider says complex pensions landscape best navigated through advisers.

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Just say no: Fears grow over 'insistent' transfers regulatory backlash

27 March 2015 9:30 am | By Sam Brodbeck

Networks and compliance experts are warning advisers against using ‘insistent’ customer processes to appease clients trying to transfer out of defined benefit schemes.

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Advisers frustrated by ScotWids' 'appalling' pension input period policy

27 March 2015 9:30 am | By Sam Brodbeck

Provider reluctant to give advisers pension input period info.

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David Barral to exit as Aviva/Friends deal agreed

27 March 2015 9:00 am | By Natalie Holt

Aviva UK boss will leave in May despite attempts to keep him in the business.

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Conflicting drawdown assumptions 'recipe for confusion'

26 March 2015 4:58 pm | By Sam Brodbeck

Calls on the FCA to produce “firm standards” to help customers.

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Govt urged to accelerate reform of 'waste of money' MAS

26 March 2015 3:00 pm | By Mark Sands

The Government must accelerate reforms of the Money Advice Service or risk wasting huge sums of advisers’ money, MPs warn.

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Steve Webb demands end to pension tax relief tinkering

26 March 2015 2:35 pm | By Mark Sands

Steve Webb has called on ministers to cease tinkering with levels of tax free pensions savings.

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Aviva U-turns on pension guidance plans

26 March 2015 2:30 pm | By Sam Brodbeck

Aviva has backtracked on plans to offer customers guidance on what to do with their pensions in favour of an “information-only” service.

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James Hay profits slide following £4m platform investment

26 March 2015 10:08 am | By Tom Selby

James Hay’s adjusted pre-tax profits dipped by almost a third last year.

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FCA issues warning over 'complex' pension freedoms products

26 March 2015 9:03 am | By Sam Brodbeck

Regulator finds firms developing D2C business limiting customer options

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Under the radar: Why the FCA must do more to shut down pension scams

26 March 2015 8:30 am | By Tessa Norman

Analysis by Money Marketing suggests FCA’s warning notices strategy is ineffective. 

Comments (4)

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TPR hikes budget by 80% to meet auto-enrol burden

25 March 2015 12:38 pm | By Sam Brodbeck

The Pensions Regulator’s budget expected to rise to £137m by 2017/18.

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Osborne plays down pension freedoms misselling fears

24 March 2015 4:45 pm | By Mark Sands

George Osborne has disputed claims incoming pension freedoms will leave savers prey to “rip-off merchants”.

Comments (31)

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Pension Wise access details confirmed

24 March 2015 1:46 pm | By Sam Brodbeck

Users asked to wait two weeks for appointments.

Comments (2)

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Pension competition and financial crime: What are the key risks facing the FCA this year?

24 March 2015 10:13 am | By Tom Selby

The FCA’s business plan for 2014/15, published this morning, lays out the major potential challenges it could face this year.

Comments (5)

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Equitable Life boosts with-profits payouts

24 March 2015 9:42 am | By Sam Brodbeck

Capital distribution rises to 35 per cent.

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FCA sets out plans to regulate pension freedoms

24 March 2015 8:41 am | By Natalie Holt

Regulator to look at how providers have changed their practices and the suitability of retirement advice.

Comments (4)

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SimplyBiz launches pension transfer outsourcing service

23 March 2015 3:25 pm | By Sam Brodbeck

Transfer bureau aims to help advisers comply with tighter controls on pension transfers.

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LV= reveals with-profits bonus rates as investment returns surge

23 March 2015 1:42 pm | By Sam Brodbeck

But investment returns rise to 11.4 per cent.

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Treasury to pilot pension passport reforms with LV=

23 March 2015 12:31 pm | By Mark Sands

The Government’s “nudge unit” is teaming with LV= from April to work on planning a new pension passport scheme.

Comments (1)

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Tories more trusted than Labour on pensions

23 March 2015 12:18 pm | By Sam Brodbeck

Over a third of people do not trust any party to provide a fair pension system.

Comments (5)

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SimplyBiz warns advisers on ‘insistent’ pension transfers

23 March 2015 10:39 am | By Tessa Norman

Firm says it is concerned about “mixed messages” from the FCA and FOS. 

Comments (35)

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FCA steps up scams campaign ahead of pension freedoms

23 March 2015 10:36 am | By Sam Brodbeck

Regulator urges savers to be vigilant as fraudsters target pension pots.

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MPs to accuse FCA of ‘dereliction of duty’ over botched briefing

23 March 2015 10:00 am | By Mark Sands

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.

Comments (5)

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‘We don’t have 20/20 vision’: FSCS chief on £20m interim levy

19 March 2015 4:52 pm | By Tessa Norman

FSCS chief executive justifies interim levy for pension advisers. 

Comments (11)

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IFS: Osborne's cash for annuities plans face 'adverse selection' problem

19 March 2015 2:59 pm | By Mark Sands

Allowing pensioners to sell their annuity is unlikely to automatically generate a second-hand market, says the IFS.

Comments (7)

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Govt to exempt AVCs from pension charge cap

19 March 2015 1:38 pm | By Sam Brodbeck

AVCs where members make active investment choice will not have to comply with 0.75 per cent cap.

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Smart Pension launches SME auto-enrol platform

19 March 2015 1:26 pm | By Sam Brodbeck

Start-up promises scheme set up “in minutes”

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Budget 2015: Govt to bag £1bn from tradeable annuities

19 March 2015 10:53 am

Lifetime allowance cut to bring in nearly £2bn over five years

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Advisers face £20m FSCS bill over Sipp misselling

19 March 2015 8:45 am | By Mark Sands

Life and pensions advisers face a new £20m bill from the FSCS.

Comments (17)

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Cash for access: Chancellor's 'scorched earth' reforms open annuities minefield

19 March 2015 8:18 am | By Sam Brodbeck

Pensioners who want to swap their annuities for cash or drawdown face a “minefield” and need to be protected by advisers.

Comments (9)

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PFS chief warns 'insistent' pension transfers risk FOS complaints

19 March 2015 8:00 am | By Natalie Holt, Tom Selby, Sam Brodbeck

PFS chief executive Keith Richards warns advisers that process “insistent” DB to DC transfer requests risk opening themselves up to ombudsman claims.

Comments (5)

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Budget 2015: 650,000 people on benefits could be blocked from selling their annuities

18 March 2015 3:21 pm | By Sam Brodbeck

Govt considers barring people on means-tested benefits from selling their annuities.

Comments (14)

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