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Having control of your pension death benefits from the great beyond
The simplest way to achieve this is to complete an expression of wish for the trustees of the scheme to be aware of your wishes. There are intricacies involved with this, as it’s essential to find out...
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Inquiry: How do you solve a problem like the state pension?
The viability of the state pension triple lock was recently brought into question by former pensions minister Ros Altmann when she said it had “outlived its purpose” and should be reviewed. The...
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Majority ‘financially unprepared’ for relationship break down
The vast majority of people say they would not be financially prepared should their relationship break down – pointing to a need for greater education and better planning, advice firm Portafina has...
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Ombudsman clears Standard Life after client LTA breach
Standard Life has been cleared of misleading a client about the value of his pension pot by the Pensions Ombudsman who said the retiree should have taken advice to avoid breaching the lifetime...
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Full potential: Are employee benefit packages working?
Being a child of a certain generation, I know many, many things. I know that you shouldn’t step on an ant, but you should “walk this way”, that you need to “wave your hands in the air like you just...
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Crunch time: Could cap ad rules provoke a SIPP market crisis?
New capital adequacy requirements for self-invested personal pension (SIPP) providers are due to come into effect on the 1 September. Although the rules were announced in 2012 and businesses have had...
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Industry hits back at Haldane’s views on property v pensions
Professional Adviser ‘Unfortunate’ comments overlook tax incentives for pension savers Advisers and providers alike have attacked Bank of England chief economist Andy Haldane’s suggestion that...
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Government mulls multiple use of pension advice allowance
Professional Adviser £500 of pension savings tax-free to fund advice The government is considering allowing people multiple uses of a £500 tax-free retirement advice allowance so they can seek advice...
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Rules change…but SIPPs are here to stay
So, the new capital adequacy regime for self-invested personal pension (SIPP) operators has come into force and the world of SIPPs didn’t implode. While there has been some corporate activity over the...
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Claire Trott leaves Talbot and Muir
Professional Adviser To join SJP’s Technical Connection Talbot and Muir head of pensions technical Claire Trott is leaving the self-invested personal pension (SIPP) and small self-administered scheme...
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Final salary pension transfer requests on the up, says research
Three-quarters (75%) of advisers have seen an increase in the number of requests to transfer final salary pensions since then-Chancellor George Osborne’s pension freedom reforms in April 2015,...
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Eight tips for picking a flexible drawdown product
Recent cuts to interest rates have hit pensions hard, affecting particularly those who want to retire on a regular income. But there are other options available. Here are Aegon’s top tips for people...
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FSCS faces £1.6m of SIPP claims in unauthorised introducer tie-up
The Financial Services Compensation Scheme (FSCS) is facing a number of claims in relation to a self-invested personal pension (SIPP) provider that was found to have failed in its due-diligence of an...
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The time is right: Advice allowance to boost financial services
Last week HM Treasury issued a consultation into the introduction of a pensions advice allowance, giving people the option to take £500 tax-free from their defined contribution pension to redeem...
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Mattioli Woods buys SIPP and SSAS firm for £2.2m
Self-invested personal pension (SIPP) provider Mattioli Woods has acquired Midlands-based MC Trustees for £2.2m. The firm provides pension administration and trustee services to 1,500 SIPP and small...
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FCA to personalise guidance fact-finds for annuity resales
The Financial Conduct Authority (FCA) has outlined plans for Pension Wise to carry out more detailed fact-finds for people wishing to sell their annuities. The regulator said it wants pension guidance...
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Praemium enters pensions market with SIPP provider acquisition
Platform Praemium has acquired pension provider Wensley Mackay to increase its product range and capitalise on retirement market reforms. The Australian business said it bought the self-invested...
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Mike Morrison: The annuity puzzle – what price the guarantee?
In the wake of pension freedom – and perhaps understandably – the sale of annuities seems to have fallen off a cliff. The statistics show that income drawdown is now the first choice retirement option,...
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Pension dashboard ‘ready by spring’, says Treasury
Backed by 11 providers A pension dashboard prototype will be launched by 11 providers next spring, the Treasury has said. Economic Secretary to the Treasury Simon Kirby said the providers agreed to...
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The property vs pensions debate: Why it should be ‘and’ not ‘or’
The property vs pension debate has again been making the headlines. Recently, we’ve heard Bank of England chief economist Andy Haldane nail his colours to the property mast. Interesting views from...
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