DB transfers: Five reasons for and against
The popularity of defined benefit (DB) transfers has rocketed since the introduction of pensions freedom. More than 100,00 people have left their final salary pensions in the past 12 months, according...
View ArticleAviva to help formulate govt policy with ‘mid-life MOT’ pilot scheme
Aviva has piloted a ‘mid-life MOT’ scheme this month, which has seen its employees take part in a range of seminars with the aim of readying them for a longer working life, and will soon pass its...
View Article‘Millions’ may have misplaced pension savings
Just over one in five people with multiple pension pots have lost track of some of their savings, Aegon research finds. Nearly two-thirds of savers (64%) have more than one pension pot, but 22% of...
View ArticleNeil MacGillivray: When an LTA charge is the lesser of two evils
Earlier this month it was revealed the amount received by HM Revenue & Customs in respect of the lifetime allowance (LTA) charge has almost trebled in just three years – from £40m in 2014/15 to...
View ArticleWomen almost £5k worse off in retirement than men – Prudential
Women retiring this year will have average expected retirement incomes £4,900 lower than men, research by Prudential has found. Women are still set to be 29% worse off than men, despite their expected...
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RP Forum 2018: ABI’s Rob Yuille confirmed as keynote speaker
Retirement policy expert Rob Yuille from the Association of British Insurers will be the keynote speaker at this year’s Retirement Planner Forum on 15 June. Yuille, the association’s head of retirement...
View ArticleFive reasons why pensions work for the self-employed
The picture-perfect view of being self-employed is understandably attractive: the notion of being your own boss and doing what you love under your own steam. In fact, the number of self-employed...
View ArticleFive cases issued against SIPP administrator Guinness Mahon
Financial mis-selling solicitors Anthony Philip James & Co (APJ) said it has issued five cases against self-invested personal pension (SIPP) administrator Guinness Mahon. The five claimants alleged...
View ArticleRevealed: All the nominees for the 2018 Women in Financial Advice Awards
RP’s sister title Professional Adviser has unveiled the ‘long list’ of the almost 400 individuals nominated across the different categories in the inaugural Women in Financial Advice Awards. The awards...
View ArticlePeter Bradshaw: Considerations when talking to clients near retirement
It is a common understanding that the millennial generation has a preference for short-term saving over longer-term planning. In the news, we continue to read about younger savers potentially...
View ArticleMarilyn Cole: Could our pension dashboard hopes be dashed?
We are growing a little fearful our hopes for the pension dashboard are going to be dashed. As a design and technology agency, Space has put a great deal of thought into the presentation of relatively...
View ArticleTom Hegarty: A ban on contingent charging is no solution
On 26 March, the Financial Conduct Authority (FCA) released a further consultation paper – CP18/7: Improving the quality of pension transfer advice – which sought out views on whether the regulator...
View ArticleOrigo successfully trials pensions dashboard for 15 million users
Tech provider Origo has run a successful pension dashboard test to accommodate 15 million active users of the service. The not-for-profit operation ran the test after its previous research estimated...
View ArticlePaul Squirrell: Pension transfer advice firmly in the spotlight
Following last June’s consultation (CP17/16), the FCA finally issued its policy statement Advising on Pension Transfers (PS18/6) in March this year. This much-anticipated report followed a review which...
View ArticlePFS updates DB pension transfer guide
The Personal Finance Society (PFS) has issued an updated ‘good practice guide’ covering transfers from defined benefit (DB) to defined contribution (DC) pension schemes. The new guide will replace last...
View ArticleSlow pension transfer process costs Fairstone client £55,000
A drawn out pension transfer process by Fairstone led to a client losing £55,000 when he tried to transfer the value of his former occupational scheme to a new self-invested personal pension (SIPP)....
View ArticleGig economy worker secures supreme pensions win
People working in the so-called gig economy have been given a renewed boost to their right to join a workplace pension scheme after the Supreme Court ruled they are ‘workers’ and therefore entitled to...
View ArticleDavid Bonneywell: Why are bulk SIPP transfers on the rise?
Over the past few months, we have received a marked increase in the number of enquiries from advisers looking to transfer their client’s self-invested personal pensions (SIPP) to a different...
View ArticleTapered annual allowance rules: What were ‘they’ thinking?
My job involves a lot of writing. I mostly enjoy it enormously, but sometimes there are days when a deadline is looming and the creative juices simply refuse to flow. I forget that there was ever a...
View ArticleRevealed: All the winners of the Retirement Planner Awards 2018
Lonsdale Services, Rowley Turton, Strategic Solutions Chartered Financial Planners and VWM Wealth have been named as the four regional winners of the Best Individual Pensions Advice Firm of the Year...
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