Gregg McClymont: Many of freedoms’ true challenges yet to surface

I sat open-mouthed in the House of Commons four years ago as George Osborne announced the end of a national retirement system based on annuities. Three years on from the law change, several trends are clear. First, overall we remain in what I call ‘Income Drawdown’s Phoney War’: as long as the vast majority of retirees […]


Hot Money: Assessing three years of pension freedoms

As the pension freedoms approach their third anniversary, advisers are reflecting on how the watershed policy has affected both their businesses and their clients. Clients have benefited from being able to access flexible drawdown and to use their pension to help fund inheritance. They are able to transfer out of defined benefit schemes and are […]

Ros Altmann

Ros Altmann: Can industry fix damaged Isa brand before it is too late?

It has never been more important to encourage saving. But advisers know only too well how challenging the complexities of the UK savings and pensions landscape make it for people. Any trends towards simplification would be welcome, but unfortunately recent developments have moved in the opposite direction. Take Isas, for example. Their simplicity has always […]


Scottish Widows sticks with Standard Life Aberdeen for retirement funds launch

Scottish Widows will continue to temporarily employ Aberdeen Standard Investments for its fund management business as it launches a new range of retirement funds. The company has built a variant of its existing pension portfolio fund range and is targeting investors in drawdown. It will keep Aberdeen Standard’s expertise to manage the passive bond part […]


Gregg McClymont: Just what is going on with life expectancy?

An increase in UK death statistics is concerning for longevity models, so relied upon in the pensions industry A pessimist sees the difficulty in every opportunity; an optimist sees the opportunity in every difficulty. Put me down as a pessimist. And yet, when it comes to the implications of increasing life expectancy, I fear my […]


Steve Bee: Are advisers ready for the real baby boomers?

Contrary to popular belief, we have not yet seen the real wave of post-War babies reach their 60s – and millions have deferred DB pension wealth Something significant is about to happen that will affect all those involved in the giving of advice in the UK from 2020 onwards. In the five decades following the […]


Research highlights ‘misleading’ investment illustrations

New research shows the wide disparity in growth rates used in pension and investment fund illustrations. CTC Software, which carried out the research, said these discrepancies could mislead consumers and “hinder clarity” on Key Information Documents and Statutory Money Purchase Illustrations. Over the past month there has been concern that the new standalone KIDs, required […]

John Lawson: Beware the search engine scammers

It is good people are researching their retirement options but search engines expose them to risks Search engines have a lot to answer for. We no longer need to think for ourselves, with the solution to everything at our fingertips. One of the major problems with the internet is that people can become an “expert” […]