There was worrying news this week that pension drawdown users are taking out far too much cash from their pensions.

Meaningful progress in Consumer Duty reporting will require “continued collaboration between sector stakeholders where good practice is shared”, according to a new report from the Chartered Insurance Institute (CII).

The proportion of pensions being drawn down at 8% or over has hit its highest recorded level for pots of all sizes, according to analysis of the latest FCA data.

Life Planning movement founder George Kinder recently moved to London to launch a new global business and plans to settle here permanently, building a new international base. In this exclusive for Financial Planning Today he explains his decision and outlines his business plans.

The FCA has today warned consumers to beware of investing in high-risk schemes from unregulated firms without appreciating the risks involved.

James Jones-Tinsley, technical specialist at pension consultants Barnett Waddingham, reviews the updates this week from HMRC and the FCA on pension tax free lump sum cancellation rights. 

Wealthy clients are increasingly seeking advice on inheritance tax and estate planning amid growing speculation ahead of the Autumn Budget, according to wealth manager Rathbones.

Wealth manager trade body PIMFA has called for a clear tax road map to stem the tide of people accessing their tax-free pension cash because of speculation and headlines.

The FCA has issued a reminder today to firms that cancellation rights do not exist for pension commencement lump sums (PCLS).

Group revenues more than doubled to £6m for InvestAcc for the six months ended 30 June (H2 2024: £2.5m).