Danielle Byrne: Is their pension your most valuable asset in divorce?
There is concern that pensions are not being considered in many divorce cases. The family home is often thought of as the most valuable asset when working out how to separate wealth but is that...
View ArticlePensioner income from occupational schemes falls for first time since 2005
The proportion of pensioner income comprised of occupational pension payments fell over the 2017/18 financial year, government statistics reveal. Across all pensioner households, occupational pensions...
View ArticleCarey applies for authorisation and consolidates two master trusts
The Carey Workplace Pension Trust has applied for master trust authorisation and consolidated two other schemes, RP’s sister publication Professional Pensions can reveal. The application was submitted...
View ArticleTroy Clutterbuck: The big issue with small pots
In a matter of days, the official rollout of automatic enrolment will be complete when, on 6 April, minimum contributions rise from 5% to 8% of qualifying earnings. But, we’re still a long way from...
View ArticleL&G’s two master trusts authorised by regulator
Legal & General’s (L&G) two master trusts have been authorised, four months after they submitted their applications. The separate net-pay and relief-at-source versions of the L&G WorkSave...
View ArticlePI provider scales back on DB cover following FOS award hike
Professional indemnity (PI) insurance provider Collegiate has questioned whether it will continue to insure defined benefit (DB) transfers following the FOS compensation limit increase. In an email...
View ArticleScottish Widows and Lewis master trusts apply for authorisation as 44 master...
The Scottish Widows Master Trust and the Lewis Workplace Pension Trust have applied for authorisation to continue operating in the master trust market, Retirement Planner’s sister publication...
View ArticleLabour MP accuses ‘advisers’ of getting around cold-calling ban
Labour MP Ruth George has accused advisers of “cleverly” circumventing the pensions cold calling ban by offering to give advice on a different topic. Speaking at a Work and Pensions Select Committee...
View ArticleDB transfers hit highest values in four years in March
Defined benefit (DB) transfer values hit an intra-month four-year high of £251,000 in March, according to the XPS Pensions Group’s Transfer Value Index. Transfer values last month broke a number of...
View ArticleAdrian Boulding: Guiding clients through the complex pensions tax web
The limitation of the Lifetime Allowance (LTA) has been attracting a great deal of negative market attention in the last few weeks – especially from Royal London’s director of policy Sir Steve Webb and...
View ArticleO&M systems launches TVC and APTA tool
Software provider O&M Systems has launched a new transfer value comparator (TVC) tool to support advisers in the defined benefit (DB) transfer market. The tool will provide advisers with three...
View ArticleAdvisers to miss FCA’s PI deadline as policy applications overwhelm insurer
Advice firms insured through Collegiate are set to miss the FCA’s deadline for information on its PI cover because the insurer has been overwhelmed with defined benefit (DB) insurance applications...
View ArticleDWP gives go-ahead for dashboard roll-out to begin in 2019
The Department for Work and Pensions (DWP) has published its response to its consultation on pensions – asking the industry to “create and test” consumer-facing dashboards by the end of the year. Key...
View ArticleOne in eight trustees predict their organisation will adopt CDC by 2025
A minority (13%) of trustees and corporate sponsors predict their organisation is “likely” or “very likely” to adopt a collective defined contribution (CDC) scheme by 2025, Willis Towers Watson finds....
View ArticleAround 1.75 million workers missing out on £60m in pension tax relief
An estimated 1.75 million people are missing out on £60m in tax relief on their pension contributions in 2019/20 as the so-called net-pay anomaly continues, Royal London has estimated. The figure was...
View ArticleJust three days left to enter this year’s RP awards
Providers and intermediaries who are at the forefront of dynamic and fresh ways to offer retirement planning and pensions advice services have three days left to enter this year’s Retirement Planner...
View ArticleCrystal Trust consolidates Moore Stephens Pensions Master Trust
Evolve Pensions’ Crystal Trust has absorbed the 2,500-member Moore Stephens Pensions Master Trust following the merger between Moore Stephens and accountancy business BDO in February. The Moore...
View ArticleMoney and Pensions Service launches with plea on financial wellbeing
The Money and Pensions Service (MAPS) has launched under its refreshed name, calling on the industry to help design its first strategy on financial wellbeing. The service, initially named the Single...
View ArticleJohn Humphreys: At times of uncertainty, go back to basics
At a point in history when there seems to be so little agreement on so much, perhaps a majority would at least agree these are turbulent times. At some point, the daily news cycle seems to have been...
View ArticlePFS-backed taskforce to launch consumer DB transfer guide
The Pensions Advice Taskforce is to launch a consumer guide for defined benefit (DB) transfers as part of a sector-wide collaboration to help the public understand what to expect from professional...
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