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A new online planning tool designed to create a “simple picture of pension savers’ options” has been launched.
A Sipp firm has reported a surge in enquiries from advisers about succession planning on behalf of their clients.
Demand for annuities appears to have climbed, with sale increases suggesting somewhat of a recovery since the slump in April, research has shown.
The pensions industry must act swiftly and decisively itself on ‘excessive’ exit fees or it will be forced to do so by new legislation, a Sipp firm expert says.
Parmenion has reported that its profits have risen by 45% to nearly £1.7m in the last year following the development of its in-house Sipp.
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