HSBC admits to mistake

Poor bank advice ruins pension plan

Story by: Joy Dunbar, FinancialAdviser

HSBC has admitted it made a mistake after a tied adviser increased an individual's pension contribution by £110,000 in one year.

  • Time published: 00.01
  • Date published: 04.12.2008
  • Published in: Pensions

Few seek financial advice despite the crunch

Over 7m people approaching retirement are now worried about the credit crunch, stock market volatility, and the recession, yet very few are seeking professional independent financial advice.

  • Date published: 04.12.2008

Aged 75 rule to be challenged in the courts

The aged 75 rule for annuitisation is set to be challenged through the courts on the grounds it is an unfair tax based on age.

  • Date published: 04.12.2008

Advisers concerned by DWP's lack of clarity

The department for work and pensions' failure to clarify pension proportionality rules more than a month after experts raised concerns is making advisers worried about this type of business, according to Positive Solutions.

  • Date published: 04.12.2008

Pada looks to set up panel for annuities sourcing

Retirees with pots of just £2000 would have access to annuities from a panel of providers approved by Personal Accounts Delivery Authority, if plans outlined by the body go ahead.

  • Date published: 04.12.2008

Perspective looks to 'marginalise' insurance firms

Perspective Financial Group Ltd has unveiled its growth plans as well as its initiative to marginalise insurance companies by offering its own products.

  • Date published: 04.12.2008

Early access to pension funds belongs on electoral agenda, says L&G

Early access to pension funds before investors reach retirement age should be debated at the next general election, according to Adrian Boulding, wealth policy director for Legal & General.

  • Date published: 04.12.2008

Bank nationalisation raises questions about subsidy for Personal Accounts

The part nationalisation of banks has raised questions about whether Personal Accounts should be subsidised by the government, according to Standard Life.

  • Date published: 04.12.2008

Pensions reform should be 'more relevant': Altmann

Pensions reform alone cannot solve a looming pension crisis caused by the baby boomer effect, according to Dr Ros Altmann.

  • Date published: 04.12.2008

Standard Life appoints Scott to head distribution development

People on the move

  • Date published: 04.12.2008

Defaqto sees too many Sipps in the market

There is an unsustainable number of self-invested personal pension providers in the market that may not be able to survive the credit crunch, warned Defaqto.

  • Date published: 04.12.2008

Feature

Standing up for the weak

The so-called age-75 problem has been around for quite some time but its solution might not be as complicated as people think

  • Time published: 00.01
  • Date published: 27.11.2008
  • Published in: Pensions

Advertising

Feature

Pensions spotlight - How harsh is the future retirement reality?

Future retirement income will depend not only on demographic change, but on the economy, governments, employers, product providers and individuals, says John Chapman

  • Time published: 00.01
  • Date published: 01.12.2008
  • Published in: Pensions

Feature

Ailments on the road to retirement

Enhanced annuities have come a long way since first being offered only to smokers in 1995.

  • Time published: 00.01
  • Date published: 20.11.2008
  • Published in: Pensions

Feature

Prepare for the future

Enhanced annuities are looking good for both the short and longer term, as new methods are being brought in that make enhancements easier

  • Time published: 00.01
  • Date published: 20.11.2008
  • Published in: Pensions

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