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The government is ignoring the problems of multiple pension pots that could drain £1bn a year from individuals’ retirement savings, Hargreaves Lansdown has warned. The provider says that as a new pension pot is created every time a person moves job, the auto-enrolment pension system faces excess costs of hundreds of millions of pounds every […]
Since pension freedoms, many retirees opt to remain invested using drawdown products, electing to carry the burden of ongoing investment, sequencing, and longevity risks. Moving from accumulation to decumulation, brings different challenges, including the shift from risk appetite to capacity to absorb capital and income loss. How is this recorded and managed? A change in […]
The number of taxpaying pensioners has nearly doubled since the mid-1990s, a Freedom of Information Act request has revealed. An FOIA request to HM Revenue and Customs by Royal London shows the growing tax bills faced by pensioners in different parts of the country. Between the mid-1990s and the mid-2010s the number of taxpayers over […]
The pursuit of lower charges – the so-called race to the bottom – has become an obsession in our industry. But with charges, fund ranges and core features converging, platforms and providers will need to look beyond the basics in order to thrive. Stripping out costs that do not drive value and being competitive on […]
Trapped between expectations for near double-digit returns and strong apprehensions about investing in persistently volatile markets, investors worldwide are of the opinion that professional financial advice is worth the fee. But even though they believe individuals who work with a financial professional are more likely to achieve their goals, investors have a clear vision of […]
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