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  • Pension Dashboard petition passes 126,000 signatures

    8 August 2018

    The petition launched by 38 Degrees in response to media reports that the Pensions Dashboard might not go ahead has passed 126,000 signatures – and continues to grow. This shows the depth of feeling and the support that the initiative has in the country, said Anthony Rafferty, managing director of Origo (pictured). “The benefits...

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  • TISA launches initial phase of digital ID

    22 July 2018

    TISA has launched the initial phase of its industry project to develop a digital ID, designed to give consumers greater control and access over their money. The savings and investments membership organisation said the new project will revolutionise the way people manage their money and make it easier for them to save. The digital...

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  • FCA raises concerns on platform switching and client best interests

    16 July 2018

    The FCA has raised concerns over the difficulty clients face switching investment platforms in it latest market study report.  While the regulator said the platform market appears to be working well in many respects, with customer satisfaction high, it was concerned that consumers who would benefit from switching platform could find it difficult to...

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  • Could FCA’s pension freedoms review reshape retirement?

    15 July 2018

    Tom Selby, senior analyst, AJ Bell looks at the FCA’s proposals and warns the industry must flag both the practicalities and any potential unintended consequences Former Chancellor George Osborne’s shock pension freedoms announcement in the March 2014 Budget caught everyone on the hop – the Financial Conduct Authority (FCA) included. Along with the pensions...

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  • Post pension freedoms: Key recommendations for the industry

    13 July 2018

    Matt Ward, communications director, AKG Financial Analytics draws from the group’s recent paper dealing with the opportunities and challenges of pension freedoms. AKG’s 2018 pension freedoms paper – Grasping the nettle: Working together to achieve better retirement outcomesis a wide-ranging paper which looks at the impact of pension freedoms on key market participants. It...

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  • Are investment pathways for drawdown the right way forward?

    8 July 2018

    The FCA wants to introduce investment pathways for consumers entering drawdown as part of its drive to ensure consumers are receiving value for money.  In its Retirement Outcomes Review, the Financial Conduct Authority (FCA) reported that one in three consumers in drawdown were unsure of where their money was invested. Meanwhile, a third of...

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  • Supreme Court ruling on civil partnership will affect inheritance and tax rights

    3 July 2018

    The Supreme Court has ruled that a heterosexual couple can enter a civil partnership, offering legal and financial protection for both parties and a host of benefits including inheritance, tax, pensions and next-of-kin arrangements. Rachael Griffin, tax and financial planning expert, Old Mutual Wealth, said: “The future of civil partnerships has been swung wide...

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  • Default decumulation option inconsistent with freedom and choice reforms, says DWP

    3 July 2018

    The pensions industry has welcomed the government’s decision to reject a proposal to introduce a default decumulation pathway at retirement. In April, The Work and Pensions Committee published a report in which it recommended that every pension provider offering drawdown be required by FCA rules to offer a default decumulation option. However, in its...

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