The Government has failed to justify limiting the use of alternatively secured pensions and explain why offering them more widely could constitute abuse, says Skandia Life head of marketing Billy MackayThe Government says Asps are only designed for groups such as the Plymouth Brethren with religious objections to annuities but Mackay rejects its argument that […]
London Life has come under fire after underestimating the transfer value on a client’s pension fund by £70,000. Intelligent Pensions tech-nical director David Trenner received the first transfer value of £126,544.37 on January 14. Trenner queried the figure and got a letter on June 12 restating the figure at £195,049.56 – a 36 per cent […]
NPSS savers should not be forced to subsidise the rich by being herded into annuities, says IMA chief executive Richard Saunders. Speaking at the Money Marketing/Cicero pension summit in London last week, Saunders argued that low-income NPSS savers with lower life expectancy will end up paying for the retirement incomes of the rich if pushed […]
There are plenty of office parties and Christmas events going on at this time of year. But have no fear – you can still stay healthy while going out and enjoying yourself, with a little bit of planning!
Along with all the other firms that provide advice on defined benefit transfers, we received our questionnaire from the FCA about the quantity and nature of cases we have handled since 2015. By the time you read this, the deadline for its return will have passed and those under scrutiny will have breathed a collective […]