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Some drawdown retirees taking out over 10% a year

New analysis of 17,000 drawdown customers by a provider has revealed wide variations in the amount taken from pension pots but few signs of pensioners taking out all their cash in one go to buy a Lamborghini.
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Fairstone adds Sipps provider to its buy out programme

Chartered Financial Planning firm Fairstone signed up London-based Premier Portfolio Financial Services to its downstream buy-out programme.
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Time to sort out pension withdrawal tax mess says Steve Webb

Royal London director of policy Steve Webb has called for an end to what he called the “absurd” way pension withdrawals are taxed.
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£17m fraudster brothers who conned pensioners jailed for 11 years

Two financial adviser brothers, who conned 200 pensioners and vulnerable clients out of millions of pounds, have been jailed for a total of 11 years today.
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PI problems force pension transfer company to close advice service

O&M Pension Advice is to cease activities as an Introductory Pension Transfer Advisory service.
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  1. Thousands of drawdown users shun financial advice
  2. SIPP firm launches new commercial property businesses
  3. Over-55s increasing risk-aversion with pension savings
  4. Former Which? exec to lead review into FOS

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