Retirement financial advice meaning

EU financial services developments EIOPA seeks views on potential integrated insurance data collection system The European Insurance and Occupational Pensions Authority (EIOPA) is inviting stakeholder input on inefficiencies, duplication and inconsistencies in regulatory reporting and disclosure duties, together with proposals to remedy them. Comments are requested by 10 June 2026, after which EIOPA will present a final report to the European Commission. In line with the amended Solvency II Directive, EIOPA has been tasked with preparing advice on measures for an integrated data collection framework covering Europe’s insurance and occupational pensions sectors. The discussion paper sets out the current reporting landscape for insurers and institutions for occupational retirement provision (IORPs), and considers options to streamline and harmonise reporting requirements...

The Society of Pension Professionals (SPP) The Society of Pension Professionals (SPP) stated on 26 February 2024 that the so‑called advice guidance boundary review, initiated by the Financial Conduct Authority (FCA), represents a move in the right direction. The financial watchdog and the government say an advice gap bars people with smaller pots from seeking cost‑effective help. In an August 2023 consultation, the FCA flagged worries that too few adults obtain financial advice and that pension providers shy away from offering any sort of guidance to members. It has proposed three possible remedies which, it says, could enable a larger share of savers to gain from broader, more general guidance across the pensions landscape today...

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What is the Pensions Advice Allowance? Following consultation in 2016/17, the government brought in, from 6 April 2017, the Pensions Advice Allowance. It enables eligible pension scheme members to withdraw a fixed sum from their pension pot tax-free to cover holistic retirement advice. At the member’s instruction, the scheme may therefore reduce the value of the member’s pot by the advice fee and pay the funds straight to the member’s adviser. This measure stemmed from the Financial Advice Market Review, which highlighted an advice gap affecting people who require retirement planning support but cannot meet the cost from net-of-tax income or savings. It is available in addition to other existing advice allowances and payment routes for advice. These include adviser charging, which does not permit pension monies to be used to fund holistic retirement advice. For further details, see Other types of pensions advice measures below. The government’s aim is to help those preparing for retirement to use the Pensions Advice Allowance to fund holistic...

This Practice Note provides overarching guidance on how tax affects contributions to, and benefits paid from, pension schemes, together with the varieties of pension orders that can be made within financial order proceedings. Specialist advice should be obtained where necessary. Tax concessions Tax incentives on pension contributions encourage individuals and employers to build up future retirement savings...

Updated in December 2025 Introduction India remains one of the fastest growing economies globally. Foreign Direct Investment (FDI) in FY 2024–25 reached US$80.62bn, the highest level in the past three financial years. In the first half of FY 2025–26, total FDI inflow was provisionally US$50.36bn, marking a 16% rise on the first half of FY 2024–25, which recorded US$43.37bn. As the world’s third-largest startup hub, India’s startup ecosystem is alive with innovation, ambition and a vibrant entrepreneurial mindset. Around 201,335 recognised startups have generated over 21 lakh jobs nationwide, with at least one recognised startup present in every state. This Practice Note offers a broad legal overview for doing business in India. It is drafted in general terms, and how it applies to any particular matter will depend on the specific circumstances. Readers should seek their own professional advice, and this Practice Note should not be treated as a substitute for tailored legal counsel. The business environment The Union Budget 2025–26 introduced a range of measures...