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Rachel Vahey: Why April’s MPAA cut must receive a stay of execution
With the government’s consultation on a 60% cut to the MPAA this April closing today, Rachel Vahey calls for a stay of execution – at least until better evidence can be collected on how people are...
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SSAS now ‘vehicle of choice’ for scammers – TPR
Pension transfers to SSAS arrangements should be banned, while an outright ban on the establishment of any more SSAS arrangements warrants “serious consideration”, according to Andrew Warwick-Thompson....
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Nil rate: Trustees and the £5,000 dividend allowance
Sponsored content Graeme Robb explores how changes in legislation are impacting trustees who are not entitled to the dividend nil-rate band. The Finance Act 2016 received Royal Assent on 15 September...
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Charles Goodman: Auto-enrolment is the beginning of the solution not the end
Getting workers automatically saving for the future will be pointless without education, argues Charles Goodman, as people have to understand their spending to provide a context and realism to their...
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OMW launches annual allowance calculator for advisers
Old Mutual Wealth (OMW) is launching a pension planning calculator ahead of the tax year-end to help advisers deal with complex changes to the annual allowance. The calculator will take into account...
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Numbers retiring in debt back on the rise – research
The proportion of people retiring with debt in the UK is at its highest level in seven years, with one-in-four (25%) retirees set to do so in 2017, according to research by Prudential. Those retiring...
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New guidance body should report on consumer outcomes – LV=
The new financial guidance body should be required to report on the consumer outcomes that stem from its guidance, as well as the number of people it refers to regulated financial advice at retirement,...
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Government DB proposals could leave members £20,000 worse off
The government has acknowledged proposals in its long-awaited Green Paper on defined benefit (DB) schemes could leave members £20,000 worse off on average. In an effort to reduce scheme liabilities,...
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Andy Davies: Is it time for a new approach to DB transfers?
A DB transfer could well be the riskiest piece of regulated advice an adviser can give these days so, argues Andy Davies, it makes sense to support that advice by targeting the very return on which it...
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Martin Tilley: What form might a Sipp levy take?
The FSCS has raised the prospect of a levy on Sipp providers, leading Martin Tilley to speculate on what it could look like and how it might work in practice. The Financial Services Compensation Scheme...
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Bob Champion: Outside in or inside out?
Pension freedoms and auto-enrolment are greatly increasing the numbers of people who should be seeking financial advice but, says Bob Champion, this may involve advisers offering a different service...
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Moira Warner: 10 tips for public sector annual allowance estimates
Advisers face a daunting task to determine if an annual allowance tax charge will apply to government superannuation-type schemes, says Moira Warner, who outlines 10 key points advisers should...
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Ros Altmann labels DWP’s DB Green Paper ‘short-sighted’
The Department of Work & Pensions (DWP) Green Paper proposing allowing ‘stressed employers’ with DB schemes to change their reference point for indexation reflects short-term thinking where it...
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Women hit with £47,000 shortfall in workplace pensions, report warns
Women could experience a £47,000 shortfall in pension savings as a result of lower employer contributions, a report from provider Zurich has warned. Zurich found women could be hit by a ‘triple effect’...
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FundsNetwork releases adviser guide on pensions and tax
FundsNetwork has produced a video guide for advisers to help with pension and tax matters ahead of the upcoming tax year-end. The video features FundsNetwork Tax and Trust planning head Paul Kennedy...
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Dentons preparing to float on AIM
Pension administrator Dentons is preparing to list on the London Stock Exchange’s AIM market next month, Professional Adviser understands. According to documents seen by Professional Adviser, the...
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Gareth James: Time to look at the bigger picture
The government’s inclination to focus on demographic groups for its retirement savings initiatives risks creating a ‘lost generation’ of investors now aged between 40 and 54, warns Gareth James. A...
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Stephen Lowe: The ‘personalised’ flaw in the FCA’s annuity-comparison plan
As currently drafted, the regulator’s proposals on annuity comparisons could actually end up discouraging some people from shopping around – Stephen Lowe explains why. There is so much to like in the...
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Three things we learned from the FCA’s retirement data
From a lack of shopping around to people accessing their savings in one go, we pick out three lessons to take from the latest set of retirement income data published by the Financial Conduct Authority...
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Flexible retirement a ‘mirage for millions’– Steve Webb
The aim of flexible or gradual retirement is no more than “a mirage for millions” at current saving levels, according to Royal London director of policy Steve Webb – although he did flag up “an...
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