People who have been used to paying basic rate tax their whole life could find themselves paying 40% on part of their pension fund if they withdraw large sums in one year, a firm has warned.
Portfolio management services must be more accessible to customers and there needs to be greater transparency around costs, two financial services firms have said.
Many advisers remain sceptical about offering a self-directed service to their clients alongside their current proposition, a survey suggests, after finding less than 10% are looking to add one.
A new fund set up by seasoned fund manager Neil Woodford launched today as reports emerge that he is set to strike a deal with his former employers Invesco Perpetual.
Retired households across the country paid the equivalanet of £45.6 billion in taxes over a year, new research has found, with the average retiree family paying out 30 per cent of its annual income to the taxman.
Delegates planning to go to the Institute of Financial Planning Annual Conference have been reminded that today is the last chance to gain a 10% discount.
Promote your vacancy to thousands of professionals on Financial Planning Jobs
Our specialist jobs service Financial Planning Jobs can help you reach nearly 12,000 financial professionals. You can set up an Employer Profile and post your job the same day on Financial Planning Jobs (terms apply). Dozens of Financial Planning and Paraplanning firms have used our affordable service to recruit new talent.
