HM Revenue & Customs has reported a significant rise in the number of British savers breaching the lifetime pension allowance (LTA) over the past year, collecting £126m ($163m, €146m) in additional tax revenue between 2015/16.
The UK’s decision to quit the European Union could lead to a raid on pensions tax relief, experts in the industry have warned.
The Investment Association (IA) announced Monday it had assembled an independent advisory board of established industry figures to create a standardised disclosure framework for investment costs.
Courtiers has launched three new funds targeting group self-invested pension plans (GSIPP).
Three quarters of consumers are confused regarding the definition of financial advice, according to a recent study by Aegon UK.
Data out from the Association of British Insurers and the Office for National Statistics in the past few days should have asset managers rubbing their hands with a mixture of excitement and trepidation.
European financial trade bodies have unanimously welcomed in the European Commission’s green paper on creating a Capital Markets Union, describing it as an opportunity to support the industry’s “sustainable economic growth and long-term financing”
Suitability standards in the asset management industry are set to come under Financial Conduct Authority scrutiny in 2015/16, the regulator said in its business plan for the period.
Carmignac Gestion Asset Management is capitalising on the changing annuities landscape with the launch of a regular income share class.
There is a new and clear division of responsibility in the UK between consumers, the pensions industry and government policy makers coming into effect after 6 April that is a long way from the current system, the Financial Conduct Authority said.
Legal & General Investment Management expects new business volumes to grow strongly in 2015 as the firm benefits from the ongoing de-risking of defined benefit pension market.
The Financial Conduct Authority has issued new rules requiring firms to give appropriate risk warnings to consumers accessing their pension savings.
