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Displaying items by tag: Budget 2014

unbiased.co.uk, the find-an-adviser search website, has submitted its formal response to the Treasury's consultation on Freedom and Choice in Pensions - urging greater clarity on the government's guidance guarantee scheme to ensure independent financial advice is a key component.
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Pension providers are not trusted to offer impartial guidance on retirement options, according to a new Which? survey.
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The new Collective Defined Contribution plans announced today by the Government, as anticipated, have brought an initially sceptical reaction from some quarters.
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Standard Life's annuity sales dropped by 50% following George Osborne's bombshell announcement on the future of pensions in the Budget.
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Research examining people's views of the radical overhaul in pensions announced in the Budget found just over a quarter would seek help from financial advisers about their retirement plans.
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Retirees can expect to see their income drop by two thirds when they leave the workplace.
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Suggestions that the annuity is dead following last week's radical Budget are premature but insurance companies must ensure it does not become extinct like a dodo, a financial consultant says.
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A SSAS provider believes the sweeping changes to pensions in the Budget will lead to more people taking their retirement income early and therefore increase the reliance on the state pension.
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Wednesday, 19 March 2014 15:16

Major pension changes announced in Budget

The Chancellor announced a wave of tax changes to Isas, pensions and higher rate thresholds in his Budget speech this afternoon including raising the annual Isa limit to £15,000.
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