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In August, HM Treasury and the Department for Work & Pensions finally released their response to the ‘Pension Scams’ consultation.
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Rowanmoor, the independent SSAS and SIPP provider, is waiving 100% of Rowanmoor SSAS new scheme and takeover set up fees between 1 October 2017 and 31 March 2018.
It’s that time of year again when pension savings statements are being issued. They should have been issued by 6 October following the end of the relevant tax year, so will be sent out about now for the 2016/17 tax year.
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The Pensions Administration Standards Association (PASA), the independent body set up to improve pensions admin standards, is to launch a voluntary mediation service to resolve issues experienced by schemes during the transfer of pension schemes from one provider to another.
One in five adults (20%) who have retired in the last five years have admitted to struggling to cope with retirement.
September saw a reverse of rising pension transfer values with average transfers measured by one provider dropping sharply over the month, falling by 4% from £240,000 in the first week of September to £230,000 by the end of the month.
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