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Govt rethinks GARs advice threshold amid industry confusion

Fewer savers with guaranteed annuity rates will be required to take advice before ditching the valuable benefits following a Government rethink on pension freedoms rules. However, policymakers have moved to strengthen the warnings people receive when transferring away from a scheme containing GARs in a bid to bolster consumer protection. Under rules introduced to protect […]

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Lord Hutton: Pension providers must ‘shatter’ charges opacity

Former Work and Pensions secretary Lord John Hutton has called on pension providers to dramatically improve transparency around charges. In an interview with Money Marketing, Hutton says it is time to get below a surface level analysis of fees charged on pension pots. He says: “Where does the money go? Who is skimming off what? […]

Malcolm McLean: Second time lucky on pension guidance?

How often have we all lauded announcements made on Budget day, only to find the policy unravelling in the aftermath, when the “experts” have had time to examine and digest the fine detail of the proposed changes? The announcement in the 2014 Budget with regards to pension freedoms was, to a large extent, a prime […]

Healthcare regulation amalgamation predicted for Gulf states

While Dubai is leading the way in terms of legislating for expat healthcare in the Gulf, Qatar, Abu Dhabi and others are watching and learning – that’s according to Jelf International’s director of international services, Doug Rice. He believes the pace of change in the Gulf states will continue and that some level of unified healthcare system will be introduced across the region.

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