Martin Tilley joins Hurley Partners as pension director
Former Dentons Pension Management man Martin Tilley has started his role at private client adviser and asset manager Hurley Partners as pension director. In his new role, Tilley (pictured) will focus...
View ArticleCISI calls for transparency on advisers’ pension dashboard costs
Members of the Chartered Institute for Securities & Investment (CISI) have called for transparency on costs to the advice sector in relation to the pensions dashboard. Responding to the...
View ArticleRP Case Study: Transfer of a going concern
As an experienced pension adviser, Sarah was familiar with the advantages of commercial property purchase through self-invested personal pensions (SIPPs) and small self-administered schemes (SSAS)....
View ArticlePension freedom withdrawals per person hit record low in Q4 2018
Average pension freedom withdrawals dropped to a record low of £7,197 per person in the last three months of 2018, down from £7,597 in the previous quarter, according to data from HM Revenue &...
View ArticleDWP may face seventh head in four years as Rudd threatens resignation
Secretary of state for the Department for Work & Pensions (DWP) Amber Rudd has refused to rule out resigning from her post in the event of a no-deal Brexit. Speaking last week (24 January) on BBC...
View ArticlePhilippa Hann: Eight DB transfer ‘red flags’ for advisers
The decision to transfer out of a final salary pension scheme is complicated, says Philippa Hann, so here she outlines eight ‘red flags’ that can be causes for concern in the case of a defined benefit...
View ArticleFCA presses ahead with investment pathways for drawdown customers
The Financial Conduct Authority (FCA) is consulting further on how to implement default investment pathways for non-advised savers entering drawdown. The financial watchdog said it had received...
View ArticleMajority of advisers expect further SIPP provider consolidation
The majority of financial advisers expect there to be further consolidation within the self-invested personal pension (SIPP) market, according to Dentons Pension Management. Research undertaken at a...
View ArticlePrimetime Retirement closes to new business
Primetime Retirement has closed to new business applications, citing changing market conditions as part of the reason for its decision, RP’s sister title Professional Adviser can reveal. In an email...
View ArticleFCA proposes pension providers disclose adviser charges
The Financial Conduct Authority (FCA) is consulting on plans to require pension providers to give decumulation customers annual information on all the charges they have paid on their pension pot. Under...
View ArticleEmma Byron: How can we solve the retirement income riddle?
An additional 8.6 million people will be aged 65 and over in just 50 years’ time. With such a rapidly widening pool of older people, retirement is already changing. The days of carriage clocks and...
View ArticleMP Kinnock to meet steelworkers over fresh pension transfer concerns
MP Stephen Kinnock is to meet with former British Steel pension scheme members over fresh concerns about advice they received to transfer away from their defined benefit (DB) pensions. The meeting...
View ArticlePensioner ex-pats risk losing annual state pension rises post-Brexit
Tens of thousands of British pensioners living in European Union countries could lose their annual state pension increases as a result of the UK leaving the EU, former pensions minister Ros Altmann...
View Article‘Contingent charging ban will not eliminate criminal advisers’– PIMFA
Financial adviser trade body PIMFA has warned that banning contingent charging on defined benefit (DB) transfers would be a simplistic answer to a complex problem that would not rid the sector of...
View ArticleBob Champion: Don’t leave clients thinking, ‘if only…’
We recently celebrated the birth of a new grandchild. Unfortunately for the baby and mother things did not go smoothly. From an outsider looking on, it appeared everything was done correctly with...
View ArticleGovernment overtaxes pensioners further £30m in Q4
The government has returned some £30m to savers who were overtaxed on pension freedom withdrawals during the final three months of 2018, according to the latest data from the taxman. Since the...
View ArticleJ.P. Morgan takes strategic equity investment in Smart Pension
Smart Pension has taken its current fund-raising efforts up towards £50m after J.P. Morgan’s US-based strategic investment group took a minority stake in the workplace pensions provider. The UK-based...
View ArticleTPR confirms end to ‘serious’ admin issues at Now Pensions
Now Pensions has overhauled its administration system after historic issues caused a failure in collecting and investing around 265,000 members’ contributions. The Pensions Regulator (TPR) has...
View Article‘Harsher’ allowances hit a million ‘pension dippers’, finds Just Group
More than one million people aged over 55 are now subject to harsher pension contribution limits as a result of using the pension freedom rules, Just Group research has found. HM Revenue & Customs...
View ArticleDWP looks at ‘nudging’ consolidation of smaller DC schemes
The Department for Work and Pensions (DWP) has published a consultation, putting forward a range of proposals that aim to expand defined contribution (DC) investment opportunities. The consultation...
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