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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.

Comments (2)


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.


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.

Comments (3)


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.


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.


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)


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.


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.

Comments (5)


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.


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.

Comments (1)


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.


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.

Comments (1)


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.

Comments (4)


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

Comments (7)

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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)


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.


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)


Pension Wise access details confirmed

24 March 2015 1:46 pm | By Sam Brodbeck

Users asked to wait two weeks for appointments.

Comments (2)


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)


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.


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)


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)


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.


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)


‘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)


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)


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.


Smart Pension launches SME auto-enrol platform

19 March 2015 1:26 pm | By Sam Brodbeck

Start-up promises scheme set up “in minutes”


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


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)


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)


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)


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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