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RP case studies: Why enhanced is not always best
Craig has been made redundant from his job with a large engineering firm at the age of 59. He is hopeful of obtaining another job within the next 12 months but will need income to support himself and...
View ArticleRP case studies: Doing the sums on SIPP borrowing capacity
It’s possible for a self-invested personal pension (SIPP) to borrow up to 50% of its net value in order to help fund a commercial property purchase. This feature adds flexibility for investors...
View ArticleJeff Steedman: SIPP provider due diligence ‘more vital than ever’
The most recent self-invested personal pensions (SIPP) issue to hit the headlines revolves around investment liability. Before writing this piece, I decided to carry out some basic research – in other...
View ArticleJames Baxter: What lies behind varying DB transfer take-up rates?
Evidence continues to emerge from schemes and their administrators as to the huge upswing in the number of pension scheme members requesting defined benefit (DB) pension transfer values since the...
View ArticleTPR estimates 100,000 DB transfers in 2017/18
Some 100,000 defined benefit (DB) transfers took place in the 2017/18 financial year, according to estimates by The Pensions Regulator (TPR). In response to a freedom of information request, TPR said...
View ArticleAndrew Aldridge: How should EIS investors play Brexit countdown?
As we head towards the UK leaving the European Union (EU), there continues to be much discussion about what the UK economy will resemble in the second quarter of 2019 and beyond – and, by extension,...
View ArticleCan pension policy reform bridge the intergenerational divide?
Due to the ongoing shift from defined benefit (DB) to defined contribution (DC) pensions, some people argue that changes to pensions policy are necessary because younger generations may not enjoy a...
View ArticleRevealed: DB pension transfer permission changes post-freedoms
Last year proved a bumper year for changes to the DB transfer advice market, with more firms having their permissions cancelled or changed than ever before, a freedom of information request by RP’s...
View ArticleElaine Turtle: Retirement income tax confusion remains
Benjamin Franklin is credited with saying “in this world, nothing can be said to be certain, except death and taxes.” However, while taxes may indeed be certain under the UK taxation system, it...
View ArticleBob Champion: Why default pension drawdown won’t work
In its pension freedoms review, the Work and Pensions Committee called on providers to offer a default pension drawdown option. While this may seem a sensible development following on from the...
View Article7IM enters SIPP market
Seven Investment Management (7IM) has taken its first step as a pension provider and launched its own self-invested personal pension (SIPP) product on its platform. The SIPP, which launched on Monday...
View ArticleContingent charge ban may not work for consumers – Keith Richards
A total ban on contingent charging is unlikely as it might not work well for consumers, according to Personal Financial Society (PFS) chief executive Keith Richards. The PFS chief pointed out...
View ArticleGeorge Houston: Why financial education is key
“One down, two to go”. Those were the words my wife greeted me with last night when I got home. The eldest of my girls has now completed her last exam and the hope is that we now have a Masters...
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Tom Selby: Protecting clients from pound cost ravaging
Any doom-mongers worried the nine-year stock market bull-run could be about to come to a shuddering end don’t have to look too far for possible threats. The US Federal Reserve has already raised...
View ArticleMartin Tilley: 30 years of SIPP market reflection
It strikes me that, in the 30 years since I joined Dentons Pension Management; self-invested pensions (SIPP) have grown in popularity beyond the expectations of their makers, blossoming like a fertile...
View ArticleStephen Lowe: When will the penny drop on default pension guidance?
When will the penny drop? Every month thousands of pension savers go it alone when making complex financial decisions that research suggests most do not fully understand. Yet Parliament has spurned its...
View ArticleFiona Tait: My take on sustainable withdrawal rates
The latest contribution to the debate around sustainable withdrawal rates (SWR) has come from the Institute and Faculty of Actuaries (IFoA), a group who are better qualified than most to opine on such...
View Article‘Vigilance is key’ in fight against pension scams – AMPS conference
Progress on pension scam prevention is being made but criminals “always have their eye on the next opportunity”, The Pensions Regulator (TPR) has warned. Speaking at the Association of Member-Directed...
View ArticleAmbulance chasers turn focus on SIPPs as ‘PPI claims pit’ runs dry
Advisers and providers dealing with self-invested pensions must be on their guard as claims management companies focus more of their attention on the market, delegates heard. TLT litigation specialist...
View ArticlePeter Hopkins: Procrastination and auto-enrolment
I’m not sure I’ve ever written it down – there’s always been something more appealing to do – but I can be a bit of a procrastinator. I’m also prone to understatement. There, I’ve said it; I feel...
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