DB transfers, PII issues and SIPP market drama… what you missed at the RP Forum
Defined benefit transfers, PI insurance and self-invested personal pension (SIPP) court cases were at the top of the agenda at the Retirement Planner Forum and so The Pro Adviser Podcast – a podcast...
View ArticleMinimum AE contribution rates could rise to 12% by 2030
Auto-enrolment (AE) minimum contribution rates could rise to 12% by 2030, with a 50/50 split between employer and employee, the Pensions and Lifetime Savings Association (PLSA) says. Speaking at...
View ArticleEd Balls: I back Opperman on need for fresh pensions commission
Ed Balls has backed the idea of holding a fresh pensions commission after the minister for pensions and financial inclusion, Guy Opperman, indicated support for such a review. Speaking to RP’s sister...
View ArticleOpperman: I can see force of fresh pensions commission
Guy Opperman has indicated his support for a fresh pensions commission as the government seeks to understand how to progress pensions policy in a wide range of areas. Speaking at RP’s sister title...
View ArticleNow Pensions CEO Troy Clutterbuck steps down with immediate effect
Now Pensions chief executive (CEO) Troy Clutterbuck has stepped down from the role with immediate effect. Cardano group chief financial operator Patrick Luthi – who is also a non-executive director on...
View ArticleGovernment denied leave to appeal £4bn-a-year discrimination ruling
The government must find an additional £4bn of annual funding for public service pensions after it was denied leave to appeal a case concerning age discrimination. In a case concerning changes to the...
View ArticleTPT, Standard Life and Fidelity receive master trust authorisation
Four more master trusts have received master trust authorisation from The Pensions Regulator (TPR), taking the total number of authorised schemes to 10. The watchdog announced today (2 July) that the...
View ArticlePLSA invites PQM applications and announces committee members
The Pensions and Lifetime Savings Association (PLSA) is inviting applications for its Pension Quality Mark (PQM), after making changes to the minimum requirements. The association revised and updated...
View ArticleGeorge Houston: Considering all opinions
I was asked to observe one of our investment team delivering a presentation this week. I have no idea how old he – the presenter in question – was, but in my mind, he fitted into the “one of the young...
View ArticleFCA tone on DB transfers a ‘huge and remarkable moment’
The increasingly controversial topic of defined benefit transfers is again the subject of The Pro Adviser Podcast – a podcast created by RP’s sister publication Professional Adviser – as the PA news...
View ArticleFSCS opens door to SIPP claims from provider Pointon York
The Financial Services Compensation Scheme (FSCS) is accepting claims against failed SIPP provider Pointon York. Claims submitted so far against the self-invested personal pension (SIPP) provider,...
View ArticleNEST Insight partners with Invesco to support ‘ambitious’ programme of work
NEST Insight has teamed up with Invesco to boost its programme of research, publications and events, in order to help address the challenges facing its eight million members. The master trust’s...
View ArticleDefaqto launches annually updated drawdown guide
Defaqto has released an updated version of its annual guide to pensions drawdown to help advisers direct clients through the retirement investment process. The updated guide, which was released in...
View ArticleEmbark raises £39m after investment trio take 40% stake in group
Investment giants BlackRock, Legg Mason and Merian Chrysalis Investment Company have taken a combined stake of nearly 40% in platform and pension provider Embark Group. The investments have raised...
View ArticleRevealed: All the winners at the Women in Financial Advice Awards 2019
Addidi Wealth founder Anna Sofat (pictured, right) was named Financial Adviser of the Year at the second Women in Financial Advice Awards on Wednesday evening at a gala dinner attended by almost 500...
View ArticleAnthony Rafferty: How should pensions dashboards be implemented?
In its paper Fixing the freedoms: Helping smaller savers get the most out of the pension reforms, Age UK has called for the implementation of comprehensive pensions dashboards – a service that helps...
View ArticleProposal to cut IHT gifting rule to five years ‘a bald tax grab’
Government proposals to cut the seven-year gifting rules on inheritance tax down to five looks like a “bald tax grab and revenue-raising move”, AJ Bell personal finance analyst Laura Suter has said....
View ArticlePASA launches DB transfer guidance
The Pensions Administration Standards Association (PASA) has launched guidance on defined benefit (DB) transfers to help give members better flexibility while retaining their pension benefits. The...
View ArticleBob Champion: Retirement planning too complex for ‘simples’ meerkat site
I recently saw a quote from a financial adviser effectively saying it was the “meerkat’s fault” that people did not want to engage with financial advice. If, after a short period online, consumers can...
View ArticleMercer receives master trust authorisation
The Mercer Master Trust has become the 11th to receive authorisation from The Pensions Regulator (TPR), following its application submission in February. The master trust was given the green light on 5...
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