blackpiggy bank pensions
Standard annuity rates have fallen to their lowest levels since November 2012, with the pace of decline increasing since the turn of the year, according to data published by Moneyfacts. The rate payable for an average single-life standard annuity for a 65 year old with a £10,000 pot has fallen by 5.9 per cent in […]
Labour wants to force DC providers to offer savers a “cooling-off period” when they access their pension pot in order to better protect against fraud. Labour says the rules would come into action when customers approach, or are approached by, a provider on how to invest their savings. The party says the requirement would only apply […]
Scottish Widows has sold its offshore life business Clerical Medical to investment group RL360. Clerical Medical has been running as a closed business since March 2012 after Scottish Widows parent Lloyds Bank moved to refocus on core UK banking and insurance operations. The business consists of around 24,000 policies, with over £5bn assets under management, […]
Figures were boosted elsewhere in the business, particularly with a 17 per cent increase in assets at LGIM.
Much has been publicised about how to calculate the tapered Annual Allowance (AA). Are you aware that any subsequent planning could affect the taper calculations? Read more
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