The Association of British Insurers has warned that “alarming” numbers of pension savers are entering retirement and using pensions drawdown without taking any financial advice.
The Association of British Insurers (ABI) and National Employment Savings Trust (NEST) have launched a partnership, boosting the relationship between the insurance and long-term savings trade body and the Government-established workplace pension scheme.
Uber is among the headline names taking part in a ABI project to find ways to help the self-employed save for retirement.
The Association of British Insurers has urged the government to put on hold its plans to curtail tax relief for pension freedom users.
ABI data released today shows that £4.7bn has been withdrawn under the new pension freedoms but surprisingly annuity sales have risen for the first time in three years.
The Association of British Insurers has revealed that around 80% of cash lump sum withdrawals were made by people who had not reached 65 years of age.
The latest annuity data has suggested customers with smaller pension pots have immediately started to use the new freedoms to take their cash lump sum, according to the ABI.
News from Twitter
Articles by Keyword
AJ Bell
AMPS
annuities
Autoenrolment
Barnett Waddingham
Curtis Banks
DWP
FCA
FOS
FSCS
James Hay
Lisa Webster
Mattioli Woods
Pension
pension freedoms
pensions
pension transfers
Platforms
regulation
retirement
retirement planning
Sipp
Sipps
Ssas
Talbot and Muir
The Pensions Regulator
TPR
Webster
websterblog
Xafinity