RP Case Study: Tax relief, annual allowance and carry forward
Carlie and Eric are siblings whose latest argument is about pensions, and how much they are able to pay into them. Both Carlie and Eric earn £95,000 a year. Eric has just joined his first ever pension...
View ArticleCashCalc launches £1 TVC and APTA Christmas offer
CashCalc is offering its transfer value comparator (TVC) and appropriate pension transfer analysis tool (APTA) for £1 per month in an effort to poach customers from competitors. The adviser-owned...
View ArticleProceedings against Liberty SIPP to begin next year – law firm APJ
Court proceedings against embattled self-invested personal pension (SIPP) provider Liberty SIPP are set to begin next year, according to law firm Anthony Philip James & Co (APJ). APJ managing...
View ArticlePension transfer totals hit £8.6bn in Q3 – ONS
The total value of all pension transfers hit £8.6bn in Q3 2018, according to figures from the Office for National Statistics (ONS). The figure is down from a record quarter of £10.5bn in Q1 2018, but...
View ArticleGrant Blakey: Watch out for new rules on tax relief reclaims
One change that took effect from the start of the current tax year and has largely slipped under the radar creates new deadlines for repaying tax relief when too much has been claimed. This will...
View ArticleCheck if your scheme is a master trust, TPR urges
Schemes risk breaking the law and being forced to wind up as The Pensions Regulator (TPR) warns some may be master trusts but do not know so. The warning comes as the watchdog urged all defined...
View ArticleDB schemes to pay out third of a trillion pounds in next three years
Defined benefit (DB) schemes are set to rid themselves of over £300bn of liabilities between 2019 and 2021 as they continue to mature, Mercer has predicted. The investment consultancy said a...
View ArticleChappell handed £124,000 penalty for ‘deliberate’ inaction in BHS probe
Former BHS owner Dominic Chappell has been ordered to pay £124,000 after losing an appeal against his conviction for failing to provide information to the regulator. The three-time bankrupt, who...
View ArticleJessica List: Christmas is a healthy reminder it will all be ok in the end
Christmas is nearly upon us again. Has it come around quickly or slowly? I’m honestly not sure. On the one hand, it feels impossible that it’s already December and I’m woefully behind on my Christmas...
View ArticleTPR appoints Charles Counsell as chief executive
The Pensions Regulator (TPR) has appointed Charles Counsell as its new chief executive, who will take over from Lesley Titcomb next year. Counsell is currently chief executive of the Money Advice...
View ArticleDWP reveals opt-out rates ‘remained consistent’ with pre-contribution hike...
Opt-out rates at the end of June 2018 “remained consistent” with levels before the April contribution rate increase, according the Department for Work and Pensions (DWP). The number of people leaving...
View ArticleCashCalc partners with financial learning firms to offer triage service
Cashflow technology provider CashCalc has partnered with Money Alive and Expert Pensions to offer triage services to its customers. The partnership will see both firms’ triage services become...
View ArticleDWP: Trials to boost pensions for self-employed to be launched ‘imminently’
The Department for Work and Pensions (DWP) will develop and test new ways to include 4.8 million self-employed workers in pension savings. Under plans unveiled on Tuesday (18 December), the new...
View ArticleCold-calling ban receives parliamentary approval and becomes law
The long-awaited regulations for a cold-calling ban have been approved by the House of Commons after an onerous journey to becoming law. The ban on cold calling was intended to be put into law by June...
View ArticleA year in retirement: DB transfers, SIPP claims and British Steel
From SIPP litigation to defined benefit (DB) transfer tribulation, Retirement Planner looks back at the most important stories emerging from the retirement sector over the course of 2018. SIPP claims...
View ArticleTwo arrested as TPR probes suspected £18m pension fraud
Six people have been questioned by police as part of a joint operation with The Pensions Regulator (TPR) investigating a suspected pension fraud. Around 370 people are believed to have transferred...
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Naughty or nice? What pensions people would like to see under their Christmas...
The gift of hindsight for those starting work Mattioli Woods technical director George Houston “Christmas is bitter sweet for me as, when the clock strikes midnight on Christmas Eve, my age clock ticks...
View ArticleJohn Humphreys: ‘Tis the season to give – but don’t add in a tax bill
As children across the country love to tell their parents, Christmas is all about giving. December is certainly the traditional month for extravagance and a parting of hard-earned cash. For those...
View ArticleBob Champion: Can advisers keep up with the demand for advice?
There are 41 million people of working age in the UK. Thanks to auto-enrolment 15 million of these are now pension savers – a growth of nearly 10 million over the last few years. Fortunately, the vast...
View ArticleThree-quarters of employers support pensions tax relief reform
Three-quarters of employers would support pensions tax relief changes if they provide more help to lower-paid earners, according to the Association of Consulting Actuaries (ACA). Its 2018 Pension...
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