Pension scheme members with transfer values of more than £30,000 for their defined benefit funds are required to obtain advice from an authorised independent financial adviser. The regulator’s current position is that most scheme members are better off.
UK watchdog targets pension scammers in Welsh steelworks Reuters.
Many people are feeling stressed about the Steinhoff financial scandal and the possible impact on their pension fund contributions. Financial advisor and managing director at Kingdom Wealth Services, Chris Chikumba, has dissected the risks and has a.
NEW YORK, Dec. 11, 2017 /PRNewswire/ -- Spectrum Investment Advisors, located in Mequon, Wisconsin, was named a 2017 Best Place to Work in Money Management, by Pensions ... achieving your financial goals depends on unbiased financial advice, timely.
There are about 130,000 current and former workers in the BSPS in the UK. As it ends, they have the choice to transfer to a new scheme, which is less generous but still better for most people than a second option, the Pension Protection Fund. But it is.
Entitled or delusional? That is the question facing Baby Boomers looking down the barrel of retirement and wondering how they're going to survive. The debate between Boomers' right to be supported by the government in their retirement years and the.
Bevin unveiled his bill to drastically alter the state's troubled public pension system in late-October, pledging to call a special session before the end of the year, but had been unable to secure unified support for the legislation among his party.
Currently, according to JLT's research, employers are one of the least trusted sources of pension savings advice , with only a quarter (26%) of 40-65 year olds likely to trust financial advice given by their employer. Only the media is a less trusted.
A steel union has said it could take legal action if there is evidence its members have been mis-sold pensions by independent financial advisers ... An FCA spokeswoman said it was "unable to provide advice to members but is taking action in the areas.
Pension advice vouchers will allow employees to spend up to £ ... A survey by VouchedFor found 74 per cent of independent financial advisers were aware of the new legislation, but a mere 10 per cent have so far acted on it to some extent to help their.
UK Work and Pensions Committee sets June 2018 deadline for pensions cold-calling ban International Investment.
They may simply sit on the quote for weeks and then it may take several weeks more for them to make first contact with a financial adviser , especially if they do not have an existing independent financial adviser . Next, advisers often report that the.
Fears were growing last night about a potential pensions mis-selling scandal involving thousands of steelworkers after the Financial Conduct Authority intervened over “concerns” about advice offered to them. Members of the British Steel Pension Scheme.
Ask for recommendations from people you trust, shop around and talk to several advisers , and always check a firm is regulated by the Financial Conduct Authority on its online register here. Be wary of any advisers that are vague about or gloss over.