Retirement

6

Steve Bee: Coping with the 21st century retirement crisis

The golden age of defined benefit company pension schemes is over. The golden generations of pensioners it spawned, in the private sector at least, have gone off into the sunset with their generous pots. Towards the end of the last century, many of the largest employers in the UK used their pension schemes as the […]

4

Pensions minister: Companies should offer in-house IFA

Employers should follow the lead of a Stoke-on-Trent pottery business that brings an IFA into their business on a regular basis as part of their HR offering, pension and financial inclusion minister Guy Opperman says. Speaking at the Pensions and Lifetime Savings Association conference yesterday, Opperman said Stoke-based Steelite, whose premises he had visited, should […]

The key pitfalls to watch for on suitability

The FCA’s recent suitability review highlights an improvement in terms of client recommendations. But firms cannot afford to get complacent, with the results also showing that evidencing suitability remains an issue for many. As well as ensuring a comprehensive audit trail and clear, jargon-free reports, other areas should be considered to ensure regulatory expectations are […]

FCA interior logo 620x430

FCA launches major non-advised drawdown review

The FCA has launched a wide-ranging investigation into how customers taking drawdown without getting advice are treated. The regulator has announced a thematic review – a form of assessment where the FCA standardly conducts site visits, investigates risks and suggests resolutions for a systemic market issue – into non-advised drawdown sales since the pension freedoms. […]