pensions

New Pension Transfer Rules from the FCA

April 02, 2015 by TIna

Category: FCA & pensions & Uncategorized

The Financial Conduct Authority (FCA), on 4th March 2015, published a consultation paper on proposed changes to its pension transfer rules, designed to reflect the Government’s new flexible pensions regime. This regime will bring advice on transfers from defined benefit (DB) schemes to occupational defined contribution (DC) schemes into the FCA’s remit. Consumers will be required to take advice before transferring out of a DB scheme and it will be the responsibility of trustees to check that people have taken advice.

The Impact of Automatic Enrolment

March 30, 2015 by TIna

Category: pensions & Uncategorized

The Office of National Statistics 2014 Annual Survey of Hours and Earnings provides us with evidence of the considerable impact of Automatic Enrolment within the pensions arena – for employees and employers. According to the survey findings:

Is your final salary pension scheme under-funded?

March 27, 2015 by TIna

Category: pensions & Uncategorized

With final salary pension schemes traditionally offering a promising level of savings for retirement, moving away from them and into money purchase schemes has normally been seen as an unattractive proposition.

Annuity or State Pension top-up?

March 24, 2015 by TIna

Category: pensions & Uncategorized

Hymans Robertson, the independent pensions and risk consultancy, says that as a consequence of the retirement revolution from April 2015, current retirees and those retiring before 2016 will have the opportunity to buy additional State Pension before the flat rate State Pension is introduced in April 2016. For some, it could cost much less to secure additional lifetime annual income this way than through buying an open market annuity. Up to 12 million people will be eligible.

With Pension Reform come Pension Pot Scams!

March 20, 2015 by TIna

Category: pensions & Uncategorized

One in ten pensioners has been approached by a fraudster looking to gain access to their cash, according to recent research. The study from MetLife found people in South West Britain were most vulnerable to scams with 14% of retirees targeted, compared to just 3% in the East and 5% in Scotland. In a Pension Professionals article, it was reported that the research found people saving for retirement were three times more likely to be approached about accessing their pension pots since the pension freedoms were announced in the 2014 Budget.

How good is the prospect of retirement security in the UK?

March 19, 2015 by TIna

Category: pensions & retirement & Uncategorized

The UK has slipped by four places to 22nd in a global survey looking at the countries with the best – and worst – retirement security, according to a recent Professional Pensions article. Switzerland was named the top performer in the Natixis Global Asset Management CoreData Global Retirement Index (GRI), followed by Norway, Australia and Iceland.

New Pension Transfer Rules from the FCA

The Impact of Automatic Enrolment

Is your final salary pension scheme under-funded?

Annuity or State Pension top-up?

With Pension Reform come Pension Pot Scams!

How good is the prospect of retirement security in the UK?

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