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Transfer volumes through the Origo Transfer Service have increased by 20% year on year between 30 June 2018 and 30 June this year, to over 680k, it has been revealed.
Transfer values fell slightly during June 2019, as the number of DB transfers over the month also fell marginally.
Analysis of Government figures by pension and investment firm Aegon has found there are 840,000 retired couples in the UK who have a weekly income which would cost more than £1.15m if bought as an annuity.
XPS Pensions Group has revealed pension changes could lead to a £260bn accounting gap.
IFA Defaqto has released an updated version of its annual guide to pensions drawdown, in conjunction with Prudential.
Hundreds of thousands of DIY drawdown investors are unaware they can scale back or stop their withdrawals, putting them in danger of draining their retirement savings too rapidly, according to new research for Zurich.
According to adviser research from Aegon the demand for DB advice remains strong with nine out of 10 advisers, who are or have been active in advising on defined benefits, saying there are still many individuals who would benefit from taking advice.
The new chief executive of The Pensions Regulator (TPR), Charles Counsell has set out how he will lead the organisation and vowed ‘robust protection’ for savers.
You may be forgiven for thinking regulations in respect of workplace pensions has little to do with SIPPs, yet recent proposals from the FCA could catch many thousands of SIPPs in the workplace net.
The FCA has revealed it will take further action over DB transfers.
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