Calls for crackdown on drawdown charges Which? the consumer group wants the Financial Conduct Authority (FCA) and Government to intervene in the drawdown market to ensure people are not confused by the wide range of charging options. Which? research has revealed huge differences in what pension providers are charging people looking to benefit from the new pension freedoms. Big differences …
Summer Budget 2015 Summary
Pensions Lifetime allowance The lifetime allowance reduction announced in the March 2015 Budget will go ahead. So, there will be a drop from £1.25m to £1m from 6 April 2016. The Summer Budget Statement confirms that there will be new fund protection options introduced to allow those with funds in excess of this limit to protect the greater amount held. There …