Worse off savers delay changing pension investments – research
Pension savers have held off from making changes to their pensions despite nearly half having been impacted by the pandemic, research finds. While 45% reported some impact on their personal finances or...
View ArticleRevamped wake-up packs ‘fail to boost’ pension freedom guidance numbers
Mandated changes to retirement wake-up packs introduced a year ago have so far failed to result in more retirees taking free guidance, according to provider Just Group. Group communications director...
View ArticleChris Read: Letter from Uganda
A couple of weeks ago, I wrote a piece on the plight of Generation Z. I explained that I’m writing postcards to, in some little way, provide comfort and hope to not only our Gen Z workers but also...
View ArticlePaul Darvill: Power of attorney and its complexities
A lasting power of attorney (LPA) is a legal document that lets your client appoint one or more people, known as ‘attorneys’ to help them make decisions or to make decisions on the client’s behalf....
View ArticleNest: Covid-19 the ‘first big shock’ to test AE durability
The premise of auto-enrolment (AE) as a tool to boost both short- and long-term financial resilience will face its first true test as the effects of Covid-19 continue to play out, says Nest. The £12bn...
View ArticleDominic Chappell jailed for tax evasion after BHS purchase
Former BHS owner Dominic Chappell has been given a six-year prison sentence for failing to pay tax on income from his purchase of the failed retail giant. A jury at Southwark Crown Court yesterday (5...
View ArticleResponsible investment bill proposed to provide ‘clear pathway’ on trustee...
Fresh legislation is needed to push pension trustees and asset managers to consider ESG factors within their legal duty to beneficiaries, as well as ensuring trustees are up to standard, ShareAction...
View ArticleSIPP complaints up 30% and more than half upheld in Q2 – FOS data
Self-invested personal pension (SIPP) complaints jumped by 30% in the second quarter of 2020/21 compared to Q1, according to data released by the Financial Ombudsman Service (FOS). In quarter two of...
View ArticleGareth James: What every ‘pensions geek’ wants for their birthday
The year 2021 is one I’m looking forward to for a number of reasons. An obvious place to start would be that 2020 has presented us all with challenges to our physical and mental health which, I hope,...
View Article‘Take the pledge’: Regulator urges united front on pension scams
The Pensions Regulator (TPR) has launched a pledge initiative to encourage everyone involved in the retirement industry to publically commit to combat scams. The initiative – launched on 10 November...
View ArticleGender pension gap narrows but lower pay hits women’s savings – Scottish Widows
The gender pension gap has narrowed to 1%, but the pay gap and part-time working ratio mean women are still saving less per year than men, according to Scottish Widows. The insurer’s Women and...
View ArticleNeil MacGillivray: Weathering a DC pensions tax storm
During the summer, HM Treasury published a call for evidence around pension tax relief. The premise behind the request is that certain low earning individuals do not enjoy tax relief on their pension...
View ArticleCross-party MPs push Pensions Bill amendment to boost guidance take-up
People looking to access their retirement funds could be given a pre-booked Pension Wise appointment if an amendment to the latest Pensions Schemes Bill goes through. A group of cross-party MPs backed...
View ArticleClaire Trott: Getting the self-employed to engage with pensions
The vast majority of pension saving incentives have been focused on getting the young and low earners to contribute to pensions, but they are all targeting those who are in employment. The...
View ArticleMillions of self-employed ‘locked out’ of pension saving – research
Just 15% of the five million self-employed workers in the UK save into a private pension scheme, research has found. The study, commissioned by Now: Pensions and carried out by the Pensions Policy...
View ArticleCross-party MPs push Pensions Bill amendment to boost guidance take-up
People looking to access their retirement funds could be given a pre-booked Pension Wise appointment if an amendment to the latest Pensions Schemes Bill goes through. A group of cross-party MPs backed...
View ArticleRP case studies: Third-party contribution consequences
The situation Julia Jones is 47. She has lived in the apartment above her boutique clothing store for many years. Her daughter, Flo, recently moved back into the apartment after Julia ended her civil...
View ArticleMPs vote down Pension Schemes Bill automatic guidance amendment
An amendment to the Pensions Schemes Bill which would have seen people given a pre-booked Pension Wise appointment ahead of accessing their retirement savings has been defeated. The amendment was...
View ArticleChris Jones: A centralised retirement proposition risk-assessment
Centralised investment proposition is one of the most reused phrases that the Financial Conduct Authority (FCA) has ever created. I first came across it in the finalised guidance Assessing...
View ArticleUpdated: DB schemes that provide GMPs must revisit and top-up historic CETVs...
Defined benefit (DB) schemes that provide GMPs must revisit and, where necessary, top-up historic cash equivalent transfer values (CETVs) that have been calculated on an unequal basis, a landmark court...
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