The Treasury's announcement on tougher rules for transferring defined benefit pension schemes into QROPS has been hailed as "a landmark moment for consumers and the industry".
As much as £530 million is set to be 'wasted' in inheritance tax this year by individuals not placing life protection policies under trust, research has suggested.
A Financial Planning firm has suggested the Money Advice Service and the Pensions Advisory Service may prove inadequate for retirees after the bodies were named today as key providers for the Government's pledge of free, impartial guidance.
A levy on regulated financial services firms will pay for the Government's pledge of free, impartial retirement guidance, the Treasury confirmed this morning.
Bad practice, poor advice and other failings have been found by the FCA after investigating financial advice given to people who were offered enhancements to incentivise them to leave their employers' defined benefit pension schemes.
Life Planning guru George Kinder has hit back at critics who have suggested that Life Planning is not 'scientific' enough and relies too much on emotional answers.
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