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Advisers hit out at ‘deeply worrying’ rise in Pension Wise costs

The increasing cost of Pension Wise guidance appointments has been attacked by advisers after it rose 7 per cent in a month. Latest figures from the Treasury show the average cost of a Pension Wise appointment surged from £516 in December to £554 in January, with officials blaming the increase on marketing and awareness raising […]

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More than half of employers snub auto-enrol advice

Fewer than half (44 per cent) of employers have paid for advice when setting up an automatic enrolment scheme, Government data shows. The Department for Work and Pensions annual survey found the median average cost of complying with auto-enrolment was £1,000, rising to £4,000 for employers who had paid for advice and dropping to nothing […]

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John Cowan: Industry must cut costs to offer mass market advice

The market for providing financial advice to well-off clients who can both afford to pay for that advice and understand the benefits of it has never been as buoyant. It’s a different story for those with more modest savings and income where, ironically, there is an argument that the need for good, sound professional advice […]

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Claire Trott: Brace for another Budget shake-up to pensions

The Budget is less than three weeks away and is set to provide another shake-up to the pensions world. Or so we have been led to believe. Here is a round-up of the key events we anticipate. Changes to tax relief on contributions The biggest question mark hangs over the issue of pensions tax relief. The […]

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