Royal Bank of Scotland has admitted it will miss the deadline to sell off the Williams & Glyn business as it posts losses of £463m for the three months to September. RBS is required to offload Williams & Glyn under European state aid rules following the bank’s bailout during the financial crisis. It emerged earlier […]
I have been running various adviser events around the country over the last few weeks and a regular question has arisen connected to the rising numbers of final salary transfers. What is the inheritance tax position, especially if the transfer is driven by the desire for better death benefits and the customer is in relatively […]
The pensions industry has been forced to tear up almost two years of work after the Government abandoned its plans to create a market for retirees wanting to cash in their annuities. With less than six months to go before the secondary annuity market was due to be introduced, it has emerged that a number […]
Fees were the hot topic among advisers, providers and platforms at the recent Platforum 2016 conference. The subject cropped up in every session, with each party pointing fingers at another, arguing pricing pressure should be exerted anywhere but on their own part of the supply chain. There were calls for platforms to charge a flat […]
At the beginning of 2015, we highlighted that the new pension freedoms that come fully online on 6 April also represent a very attractive opportunity for the criminal fraternity to scam savers out of some, or all, of their accumulated retirement savings.
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