High-earners using lifetime pensions modelling to reduce risk in the run up to retirement could end up missing out on more than £400,000 in their retirement pots, according to calculations by Glasgow Financial Planning firm Murphy Wealth.
A new report about pensions and housing wealth thinking, or lack of it, has got me considering how we plan for later life financial challenges and the importance of fully comprehensive holistic Financial Planning.
There has been huge coverage of IHT and the fact that unused pensions will be subject to inheritance tax from April next year - unless our new Chancellor steps in and waters down or axes this deeply unpopular new burden, as he should.
Retirement specialist Canada Life has reported a surge in sales of its Fixed Term Income Plan (FTIP) - a shorter term income generating alternative to a lifetime annuity which mostly avoids capital erosion.
Families in London and the South East of England paid 46% of all UK inheritance tax bills in the last year - up from 44% the previous year, according to analysis of HMRC data.
The FCA has launched a new API (Application Programming Interface) to provide better and easier access to its Handbook.
The average annual annuity income has risen by £106 since March, according to personal finance data firm Moneyfacts.
Financial Planner and high net worth specialist Lockhart Capital Management has received minority investment from private equity firm Northcote Equity.
Fairstone Ireland has recruited experienced wealth management executive Ian Brady as the new CEO of the company to help steer growth in the republic.
Adjusted profit before tax rose 12% to £112m for Quilter in the first half of the year as assets recovered from the hit taken due to market movements at the start of the year.
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