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  • James Jones-Tinsley: Guided Retirement Duty could be game changer

    During May, the Pensions Policy Institute (PPI), sponsored by The Pensions Regulator (TPR), concluded that defined contribution (DC) pension savers – including those in SIPPs, as well as in Workplace Pensions - require more guidance when choosing suitable retirement products.

  • Lisa Webster: Overcomplicated rules are a threat

    It may be more than a year since the Lifetime Allowance was formally abolished but issues are still emerging from the mess made by rushed legislation.

  • Lisa Webster: To gift or not to gift?

    Since the announcement that pensions are to be included in estates for inheritance tax (IHT) purposes the question of whether those with large pension pots should be giving some funds away has become increasingly common.

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Analysis of withdrawal trends at one pension provider during the first year of pension freedom show that full withdrawals represented just 1% of all withdrawals and the majority (77%) of full withdrawals were less than £30,000 in value.

Research conducted by Barnett Waddingham, the provider of consultancy and actuarial services, has found that UK employees suffer from “major gaps” in pensions knowledge.

James Hay’s parent company has reported that new Sipps went up 92% to 12,084 last year.

TISA, the financial services' provider association, is to help speed up the implementation of the 'pensions dashboard' set out in the Financial Advice Market Review final report and last weeks' Budget.

Sipp inflows for last year grew by 10.9%, new analysis has shown.

Despite not getting top billing in yesterday’s Budget – unlike the bombshell announcements of 2014 – pensions did still feature.

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