An Inland Revenue press release in December 2002 outlined the aims of the Labour Government’s pension simplification proposals. It said the aims were “to increase individual choice and flexibility and reduce administrative burdens, thereby making it easier and more efficient to save in pensions. The new single, unified regime will comprise transparent, simple and consistent rules that help people make informed decisions about working and saving for retirement.” Three years on from A-Day, words like unified, simple and consistent no longer seem fitting.
Gross lending by building societies in July reached its highest monthly figure this year.
This week, Money Marketing launches a new monthly publication, Retirement Strategy, focusing on the pre- and at-retirement market.
Axa Framlington chief executive Robert Kyprianou is to retire by the end of the year after 10 years with the company.
Two years since the process of auto-enrolment began, the looming re-enrolment deadline provides the perfect opportunity to assess whether the support you have in place, which may well have been hastily selected at the start, is fit for purpose. Johnson Fleming is holding a webinar on 10 September at 11:00 to discover the key issues and concerns you should consider when thinking about your current support options.
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The Personal Finance Society has updated its guide on pension transfers from defined benefit to defined contribution schemes for advisers. This replaces the earlier good practice guide first published in February 2017 and registers a number of important developments in the market. These include the FCA’s consultation about advising on transfers and its supervisory work […]
The ability to cascade funds tax efficiently down through the generations is a key driver behind demand for DB transfers
Gold prices historically have maintained a tight, inverse relationship with real yields on 10-year US Treasuries, but this relationship has weakened in the past year, suggesting the precious metal’s price is now being driven by other forces. Real yields are adjusted for inflation, so the real yield on 10-year US Treasuries, for example, is the […]