PIMFA warns MPs on ‘out of control’ FSCS levy
At a parliamentary hearing on Wednesday (16 September), PIMFA raised issues surrounding the ever-rising FSCS levy and also suggested the burden of pension scams on the lifeboat scheme could result in...
View ArticlePensions minister issues dashboard delay warning
Schemes trying to delay the dashboard project by not collecting the necessary data will be left behind, Guy Opperman has warned. Speaking at a Society of Pension Professionals (SPP) online conference...
View ArticleRP case studies: Maximising business growth with SSAS secured loan
Valerie and David have a small self-administered scheme (SSAS) which was established over ten years ago by their business, an advertising agency. The SSAS fund was invested in commercial property and...
View ArticleCourt grants appeal against Carey Pensions in landmark SIPP case
The Court of Appeal has granted Russell Adams permissions to appeal in his landmark case self-invested personal pension (SIPP) operator Carey Pensions UK. Lord Justice Arnold accepted the appeal on the...
View ArticleTom Selby: Covid-19 pension tax relief raid risks widening generational divide
With rumours once again swirling around the future of pensions tax relief in the run up to this year’s budget, comments Tom Selby, any reduced incentive for long-term savers could risk further...
View ArticleRP case studies: Getting specific on expression of wishes
The situation Fred Jones is 74 and runs a company with his son Dan. Fred is healthy and has no immediate plans to retire, but he is nonetheless beginning to think about the future of his business, and...
View ArticleStephen McPhillips: The numbers game of SIPP consolidation
Over recent years there has been a pattern of provider consolidation across the self-invested personal pension (SIPP) industry. Some industry commentators expected the pace of consolidation to be...
View ArticleAdvisers must adapt to over 60s’ complex needs as retiree market ‘fragments’
The retirement advice market must shift its focus from the ‘typical’ retiree it has served in the past as clients experiences become more complex and fragmented, according to analysis from Canada Life....
View ArticleRP case studies: Borrowing for a second SIPP property
The situation Katarina has held a commercial property – an industrial unit – within her self-invested personal pension (SIPP) for several years. The property is worth £500,000 and has an outstanding...
View ArticleFCA declines to say if pension freedoms were a ‘mistake’
The Financial Conduct Authority (FCA) declined to answer whether it believed the introduction of pension freedoms was a mistake that has led to greater opportunities for pension scammers. At the FCA’s...
View ArticleChris Read: Post-pandemic workplaces must stimulate creativity as well as...
Nothing beats the sound of live music. It can be loud or pensive. It can reverberate to the bones or relax the soul. Being live with music is to be part of something bigger, a happening. As we drifted...
View ArticleCampaigners publish open letter to PM after pension scam meeting
The Transparency Task Force (TTF) has published an open letter to prime minister Boris Johnson asking him to take a personal interest in pension scam problems and push for legislative flexibilities for...
View ArticleAviva tops FOS pension complaints list
Financial Ombudsman Service (FOS) data from the first six months of 2020 has revealed Aviva received the most pension complaints of all firms listed. Between January and June 2020, the FOS received a...
View ArticleRP case studies: Property purchase can be a family affair
The Situation Fred Jones owns and runs a shipping business with his son, Dan. His daughter Julia isn’t involved with the family business; however, the three of them jointly own the business premises....
View ArticleCurtis Banks acquisition of Talbot and Muir to close this month
Curtis Banks has met all of the pre-conditions to acquire rival SIPP provider Talbot and Muir, including approval from the Financial Conduct Authority. Completion of the £25m deal will occur on 30...
View ArticleChancellor confirms state pension triple lock to remain
Chancellor Rishi Sunak has said the pensions triple lock will remain in place for now, despite the UK facing the worst recession on record. Speaking on LBC radio on Tuesday morning (6 October) Sunak...
View ArticleBethany Joslyn: Duty-free retirement saving?
Even before the onset of Covid-19, working from home was on the rise in the UK. 8.7 million people reported that they had worked from home at some point during 2019, with 1.7 million of those people...
View ArticleSiobhan Barrow: What retirement advisers have learned after five years of...
When pension freedoms were introduced by the government in 2015, they ushered in a new era of choice for customers, promising more control over how people manage their pension funds. Five years on and...
View ArticleOlder divorcees missing out on state pension uplift advice
Women who divorce later in life are missing out on significant state pension uplifts due to a complex system that may be little understood by advisers, research has found. Pension consultant LCP said...
View ArticleDecumulation strategies ‘still in their infancy’
Decumulation investment strategies and products are still in their infancy and more innovation is needed to better serve clients, according to a panel of experts speaking at PA360 Digital. Church House...
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