Latest - PENSIONS

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  FCA Policy Statement PS18/20 – what you need to know

  10 October 2018

  ATEB Consulting’s Steve Bailey looks at the key points in the FCA’s ‘Improving the quality of pension transfer advice’ paper Hard on the heels of the rule changes that took effect from 1 October 2018, comes the final (for now) piece of the jigsaw of rules and pronouncements that the FCA has been working...

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  Ratings for workplace and auto enrolment pensions published

  10 October 2018

  F&TRC has published its annual product and operational ratings for workplace pensions and auto-enrolment providers, designed to help adviser firms in their decision-making process. The financial research consultancy has awarded each provider with a gold, silver or bronze medal for their overall proposition as well as nine sub-categories. Those who scored gold across both...

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  Balancing retirement income and wealth legacy options

  9 October 2018

  Peter Hopkins, technical director at AJ Bell, looks at the practical issues with which retirees now have to contend and the options they have when it comes to balancing the taking of income and leaving wealth to their beneficiaries. Since 2015, the temptation for some people to plunder their pension savings has become greater, especially when over 55...

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  Pensions Dashboard will enable Open Pensions, says Origo

  9 October 2018

  The proposed Pensions Dashboard architecture will enable the financial services industry to deliver Open Pensions for the UK consumer, says Origo. The Fintech has published a paper, Pensions Dashboard to Open Pension’, in which it lays out how the proposals for a Pensions Dashboard architecture will introduce “the firm foundations required for the development of an...

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  Pension Dashboard opportunity to cut advice costs and help more people

  8 October 2018

  The Pensions Dashboard is an opportunity to help people understand and engage with their retirement planning while also making pension advice more cost effective and so open it up to more people. It could also help put an end to pension scams, says Kay Ingram, director of Public policy at LEBC Group. Ingram, who...

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  The danger that pension transfer triage becomes regulated advice

  4 October 2018

  ATEB Consulting MD Steve Bailey looks at the practice of triage and where applying it to a pension transfer could cross into regulated advice The concept of triage comes out of the need for finite military medical resource to be used efficiently in the heat of battle – it seeks to ration the priority...

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  Brexit survey shows action on cold calling tops govt initiatives for advisers

  4 October 2018

  Nearly two thirds of advisers would like to see the government press ahead with a ban on pensions cold calling, results from a new Brexit survey have shown. With just six months to go until Brexit day, pensions giant Aegon surveyed advisers on the initiatives they would like to see the government prioritise following...

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  Total value of pension transfers falls

  1 October 2018

  The total value of pension transfers fell for the first time in two years during the second quarter of 2018, official data has shown.  The total value dipped to £8.2 billion in the three months to June 2018, down from £10.6 billion in the first quarter, according to the Office for National Statistics. In...

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