Plans to allow annuity holders to sell their policies on a secondary market should be revived, according to Liberal Democrat MP Stephen Lloyd. The government rolled back its proposed second-hand market plans in October 2016 over fears a competitive market could not be created if the required consumer protections were put in place. An estimated […]
By Fiona Hanrahan – Senior Product Insight and Technical Support Analyst, Royal London We’re often asked about death benefits and thought we’d share our top five most frequently asked questions. 1. Who pays the lifetime allowance charge when an individual dies? If the individual dies with uncrystallised benefits, these are tested against their remaining lifetime allowance. […]
Advisers charge an average of close to £3,000 for advice on pension consolidation, research has found. A survey of just over 100 advisers conducted by consumer champion Which? in May this year found that, on average, financial advisers are charging £2,879 to roll multiple pensions worth up to £150,000 into a single self-invested personal pension. […]
Swiss asset manager GAM has set out plans to pay back investors up to 87 per cent of assets invested in funds it is liquidating following the suspension of its fund managers. The decision to liquidate nine unconstrained/absolute return bond funds followed the suspension of fund manager Tim Haywood and a high level of redemption requests […]
It has taken a little longer than expected, but finally the jaws of regulation are closing on those employers who have failed to meet their auto-enrolment (AE) legal duties.
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