Snap election pressure bites as Treasury puts MPAA cut on hold
A controversial decision to slash the Money Purchase Annual Allowance (MPAA) from £10,000 to £4,000 will be put on hold as the Treasury seeks to trim the Finance Bill. The policy, which was confirmed...
View Article800,000 risk being overtaxed on pensions, warns Royal London
Hundreds of thousands of people receiving company and personal pensions risk being overtaxed due to being given the wrong tax code and so should check it as a matter of urgency, Royal London has...
View ArticleEIS-ing on the cake: Avoiding a huge CGT bill on retirement
Using enterprise investment schemes allows clients to avoid capital gains tax when realising assets, says Simon Ruthers. Clients at and in retirement frequently realise assets, such as a second home or...
View ArticleBilly Burrows launches retirement guide for advisers
Retirement IQ director Billy Burrows is to release a retirement guide to help financial advisers, setting out key points along the retirement ‘journey’. Published on 27 April, Retirement is a journey...
View ArticleScrap state pension for the rich, says OECD
The UK should scrap state pension entitlements for the highest rate tax payers in order to free up funds for the less wealthy, the OECD has said. The club said British pensions were low compared with...
View ArticleFCA approves Embark’s acquisition of EBS Management
Embark Group is set to complete its acquisition of Charles Stanley’s pension business, EBS Management, after receiving ‘change of control’ approval from the Financial Conduct Authority (FCA). The...
View ArticleHave your say: Will the pensions dashboard succeed?
The pensions dashboard is gathering momentum as the government explores how it can force pension schemes to meet data standards. This month’s RP Inquiry wants to know whether you think the dashboard...
View ArticleDefined benefit transfers: Is pre-advice triage the key?
Alastair Black explores whether a screening process could help manage defined benefit transfer demand. Advisers are reeling under soaring demand for specialist defined benefit (DB) pension transfer...
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Pension freedom withdrawals cut through £10bn barrier
More than £10bn has been accessed flexibly since the introduction of pension freedom in 2015, the latest HM Revenue & Customs statistics have shown. A total £1.59bn was flexibly withdrawn in Q1...
View ArticlePM avoids triple lock questions in last PMQs before election
Theresa May has deflected questions concerning the government’s policy on the pensions triple lock, though failed to guarantee it will continue, in her last Prime Minister’s Questions before the June...
View ArticleCPS reiterates calls for scrapping of pension tax relief and LTA
The Centre for Policy Studies (CPS) has renewed its calls for a scrapping of pension tax relief and the lifetime allowance, to encourage people to save more and reduce the cost to the Treasury. The...
View ArticleSteve Webb calls for triple lock compromise
Steve Webb has called for any new government to compromise on the triple lock, arguing a “middle way” would control costs and focus annual increases on those who need it most. Setting out a three-point...
View ArticleHenry Cobbe: How to mitigate risk in retirement portfolios
Henry Cobbe looks at how advisers running decumulation portfolios can judge and balance the four main drivers behind the risk that a client will run out of money during their retirement. Advisers...
View ArticleBaby steps: Pension planning for the younger generation
Providers, advisers and the government all have a role to play in encouraging millennials to plan for their future, writes Emily Perryman. The demise of defined benefit pension schemes, a later state...
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Inquiry: Retirement prospects worsen after Cridland review
Increasing the state pension age and introducing a mid-life MOT won’t solve the UK’s pension crisis, as this month’s RP Inquiry found. An increase in the state pension age is likely to lead to people’s...
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Digital revolution: How fintech is shaping the pensions scene
In a special roundtable discussion on key pension and retirement issues, RP asks industry experts how the digital revolution is set to transform pension provision. Lawrence Gosling (LG): How can...
View ArticleKarena Woodall: A world that keeps evolving
Flexibility may be important in the context of retirement and benefits packages but, ironically enough, says Karena Woodall, it will not be the only consideration for clients. Don’t tell my boss but I...
View ArticleBilly Burrows launches retirement directory
Financial adviser Billy Burrows has launched retirement-iq.co.uk, a dedicated directory of annuity policies and pension drawdown plans. Designed for use by both financial advisers and individual...
View ArticleAdvisers set to ‘play it safe’ on MPAA uncertainty
Advisers are hesitant to recommend clients venture above the £4,000 money purchase annual allowance (MPAA) despite the government’s decision to delay its proposed reduction to at least after the...
View ArticlePLSA weighs in on debate to scrap triple lock
The Pensions and Lifetime Savings Association (PLSA) has joined the debate on the future of the triple lock – numbering the scrapping of the measure as the top pension priority for parties in the...
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