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Wealth Management News

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16 Aug 2017 Private pensions boost retirement income by £10,000 a year

Pensioners´ incomes have risen dramatically over the past 40 years because growing numbers of people have been investing in private and workplace pensions. In 1977, only 45% of retired households received income from private pensions (including workplace pensions, individual perso...

09 Aug 2017 Self-selected funds in auto-enrolment outperform average default funds

People with an auto-enrolment pension who actively select funds are likely to end up with a bigger pension pot, new research suggests. Financial service company Hargreaves Lansdown found that the average performance of the top 10 funds chosen by savers outperformed the auto-enrolment de...

02 Aug 2017 Retirement income planning: no longer a one-off decision

People planning their retirement income are looking for flexibility, with differing levels of income for different stages of retirement, according to new research. A report from software company IRESS on the retirement income market, which draws on IRESS data and other sources from acro...

26 Jul 2017 Risk of pension benefits going to the wrong person when you die, warns Royal London

Who will get your pension benefits when you die? With recent figures from the Office for National Statistics (ONS) showing increased rates of divorce and marriage among over-65s, Royal London has warned of the growing risk that people´s pension benefits will go to the wrong person when th...

19 Jul 2017 Accessing pension pots early is ´new norm´

Withdrawing retirement savings early has become ‘the new norm´, and more than half of people who take their pension savings early withdraw the full amount, according to a major new study by the UK financial regulator. The Financial Conduct Authority (FCA) launched the Retirement...

12 Jul 2017 Equity release increasingly used for home improvements and to help younger generations

Older people are using equity release to future-proof their homes and improve the lifestyle of themselves and their families, according to research by the Saga Equity Release Advice Service. Market data from the Equity Release Council shows that growing numbers of people are freeing up ...

28 Jun 2017 FCA tightens up rules on pension transfer advice

The Financial Conduct Authority (FCA) has proposed new rules regarding the advice that is given to consumers considering transferring their pension. The proposals relate to advice on pension transfers where savers have safeguarded benefits, primarily for transfers from defined benefit t...

21 Jun 2017 Executors need longer period to pay inheritance tax bills, says Royal London

Royal London is calling for changes to inheritance tax rules so that people who act as executors to the estates of family and friends have more time to settle inheritance tax bills. The mutual life insurance and pensions company warned that executors currently face paying IHT bills out ...

14 Jun 2017 One in four plan to downsize or relocate in retirement

One in four over-50s in the UK plan to move house when they retire, according to new research. In a survey for retirement specialist Retirement Advantage, Censuswide questioned 1,013 UK adults over the age of 50 who are yet to retire. Of those who plan to move, almost two thirds (62%) i...

07 Jun 2017 Three pension associations join transfers group

A cross-industry group on improving transfers and re-registrations of pensions and investments has expanded to include workplace schemes. The group was formed in early 2016, when eight of the leading investment and pension trade associations, alongside nominees from member firms, joined...

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