The Government may be forced to scrap the controversial 5 per cent exit penalty on its new Lifetime Isa. Money Marketing understands an industry working group met last week and discussed concerns that the exit charges could lead to the product being as classed as “complicated” under Mifid II rules. As a result providers would […]
Pension providers have expressed concern that the new Lifetime Isa could disrupt the long-term savings market. But could it be about to upset the platform world too? The platform industry is no stranger to change and has adapted to a spate of recent legislation, from the RDR to pension freedoms. However, it is fair to […]
The Government likes change, apparently. That is probably because they are not the ones that have to deliver it. This week Money Marketing reveals the next pensions evolution being eyed up by the Government. So far we have had pension freedoms themselves, the spin- off changes to taxation of death benefits, and the planned creation of the […]
Equity income is the sector to be in for Hargreaves Lansdown chief investment officer Lee Gardhouse despite market volatility, the looming EU referendum and recession fears. He says: “Equity income is the most attractive part of the market, but we are not going through the end of the world and we’ll see more company profits […]
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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