Enhanced annuities pay out 22 per cent more income on average than conventional annuities, according to MGM Advantage’s new annuity index which tracks the income paid on both products on a quarterly basis.
Jamie Clark gives the lowdown on what happens when an employer fails to pay auto-enrolment fines. An employer has been served County Court Judgement (CCJ) for failing to pay auto-enrolment fines, according to the latest data from The Pensions Regulator (TPR). The CCJ TPR cite a case where a removal company continually ignored them despite […]
Savers are rushing to top-up their pensions amid fears chancellor Philip Hammond will deliver a further cut to the annual allowance in this month’s Budget, Zurich says. Cash flowing into pensions on Zurich’s investment platform soared 98 per cent in September compared to the annual average, the firm has found. The value of one-off pension […]
Every pound spent on financial education initiates can create more than £5 in social value, a new study finds. Research firm ERS examined the impact of “survival” money management workshops delivered to more than a thousand 16-25-year olds who were either not in work, full-time education or training, or had care responsibilities. They found that […]
Despite pressure to come down on the market like a ton of bricks, the FCA has taken a measured approach to improving standards Another week, another barrage of headlines about an FCA intervention on defined benefit pension transfers. The regulator’s latest missive focuses squarely on the standards and processes advisers employ when carrying out pension […]