Govt in ‘quick fix’ move to pay NHS workers’ pension tax bills
The government is to pay the tax bills of NHS workers caught out by changes to pension contribution limits who have been turning down additional work for fear of running up large tax bills. It is hoped...
View ArticleGreens pledge flat rate of tax relief in election manifesto
The Green Party has outlined a range of pension and tax provisions in its election manifesto released today. The party would require Local Government Pension Scheme funds to divest from fossil...
View ArticleLisa Webster: Are independent governance committees value for money?
In the flurry of Financial Conduct Authority (FCA) activity during high summer we saw papers on defined benefit (DB) transfers, non-workplace pensions, and confirmation of the rules relating to...
View ArticleLEBC pushes major parties to end self-employed ‘pension poverty’
LEBC Group is pushing for the next government to introduce an annual £500 financial advice allowance for self-employed workers approaching retirement, as part of its demands to the major political...
View ArticleAuto-enrolment exclusions fuel pension gender gap – Aegon
Auto-enrolment exemptions and low engagement are helping maintain the pension gender gap, according to Aegon. Research from the provider found more than a third of women do not know how much they have...
View ArticleAviva to launch retirement division to tackle biggest global ‘financial...
Aviva has set out its strategy to launch an investments, savings and retirement division as it seeks to simplify its overall business. The insurer and pension provider reviewed its group strategy and...
View ArticleCII initiative launches manifesto to boost female financial resilience
The CII’s Insuring Women’s Futures Initiative has launched its 2019 manifesto and outlined guidance for financial services firms to help female financial resilience. The manifesto outlined guidance for...
View ArticleFSCS clocks up 733 Berkeley Burke SIPP claims
The Financial Services Compensation Scheme (FSCS) has received more than 700 claims against Berkeley Burke SIPP Administration (BBSA). The lifeboat fund said it was in the early stages of its...
View ArticleLabour and Lib Dems reveal manifesto pension and tax policies
The 2019 general election will take place on 12 December and within the last 24 hours, both the Liberal Democrats and Labour have released their party manifestos. With the electorate set to go to the...
View ArticleTenet’s advice network signs up to Money Alive’s DB video service
Tenet Group’s advice firm Aspire has introduced Money Alive’s educational video service for all clients to enhance its defined benefit (DB) review service. Money Alive offers educational videos for...
View ArticleQuilter’s Lighthouse ordered to pay out more than £16k over transfer advice...
Lighthouse Advisory Service misguided a client on two pension transfers, resulting in him losing money and benefits associated with his pension funds, the financial ombudsman found. A Lighthouse...
View ArticleConservatives commit to review of taper and net-pay issues
The Conservative party will hold reviews of the tapered annual allowance and net-pay schemes if it is elected back into government, it has said. The ruling party’s manifesto, published yesterday (25...
View ArticleStephen McPhillips: Similarities and differences of SIPP and SSAS
It’s pleasing to note, in an ever-changing pensions landscape, that two types of pension scheme have survived the test of time. The small self administered scheme (SSAS) celebrated its 40th birthday...
View ArticleClik here to view.
Labour’s £58bn WASPI pledge branded ‘regressive and appalling’
The Labour party’s pledge to hand out £58bn to around 3.8 million women affected by the increases to state pension age has been criticised. The pledge was first outlined in Labour’s manifesto,...
View ArticleThreesixty launches guide to help advisers respond to FCA’s DB transfer letter
Compliance provider threesixty has released a guide for adviser firms on how to respond to the Financial Conduct Authority’s (FCA) letter regarding pension transfer advice. Last year, the FCA issued a...
View ArticleTenet to pay up over SIPP transfer that funded loan
Advice network TenetConnect Services has been told to compensate a client it advised to release pension funds to finance a loan. Mr P complained about advice he received from an appointed...
View ArticleTalbot and Muir acquires pension business from financial advice firm
Talbot and Muir has acquired Leeds-based SIPP and SSAS administration business The Pensions Partnership from adviser firm Group IFA for an undisclosed fee. The acquisition will add approximately 380...
View ArticleRP case studies: Why SIPPs are retirees’ flexible friend
The Situation Quinn is approaching her 65th birthday and plans to retire shortly afterwards. She currently has several different pensions which she’s built up throughout her working life. Quinn wants...
View ArticleFSCS clocks up 733 Berkeley Burke SIPP claims
The Financial Services Compensation Scheme (FSCS) has received more than 700 claims against Berkeley Burke SIPP Administration (BBSA). The lifeboat fund said it was in the early stages of its...
View ArticleLabour and Lib Dems reveal manifesto pension and tax policies
The 2019 general election will take place on 12 December and within the last 24 hours, both the Liberal Democrats and Labour have released their party manifestos. With the electorate set to go to the...
View Article