Sales of annuities fell by 16% last year, newly released figures from the Association of British Insurers have shown.
Hargreaves Lansdown, the Bristol-based platform and investment provider, has done a U-turn on its decision to raise charges for clients holding investment trusts including those with Vantage Sipps.
Hargreaves Lansdown co-founder Peter Hargreaves has dedicated his new CBE to his hundreds of employees who helped build the business.
Hargreaves Lansdown has detailed a five point action plan to reform the retirement planning sector following the widespread criticism of the annuity market by the Financial Services Consumer Panel this week.
Hargreaves Lansdown, the Sipp, investment and advice provider, has urged Chancellor George to use his autumn statement on Thursday to tackle systemic failures in converting pension pots into retirement income.
Hargeaves Lansdown says the DWP is right to consult on a charge cap on workplace pensions and changes should be made, particularly on older schemes.
Sipps and investment provider Hargreaves Lansdown says that the latest thematic review of the Sipps sector, announced this week, is a 'push' towards larger providers but not a 'direct attack' on smaller operators.
Hargreaves Lansdown research claims that £5 billion of company pension contributions are being wasted and that employers think they deserve more credit for implementing auto-enrolment.
Pensions Minister Steve Webb MP is to spend a day working as an 'apprentice' at Hargreaves Lansdown on 30 July.
Hargreaves Lansdown is encouraging investors to set up a Junior Sipp for their children.
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