Below you'll find a list of all posts that have been categorized as “Pensions advice”
The FCA says it expects firms to “challenge themselves on the level of charges they impose on investment pathways” and could consider imposing a cap. The FCA is consulting on new measures to stop consumers losing out on pension income when they access their pension freedoms. The regulator has previously expressed concern about consumers moving into drawdown and holding their …
Lifetime allowance tax take quadruples in six years According to figures obtained by Suffolk Life (from a freedom of information request), Tax revenues from breaches of the lifetime allowance on pension contributions have quadrupled in the last six years. HMRC took £94,200,000 between 2014-2015 as a result of contributions to pots in excess of the allowance, slightly down from the previous year …
