Steelworkers bused to Westminster for crunch DB transfer meeting
Two coaches filled with steelworkers and their wives will descend on Westminster on 27 February for a three-hour summit with MPs and regulatory bodies to discuss their compensation. Echelon Wealthcare...
View ArticleRP case studies: Gold investing through SIPPs explained
Amanda is an experienced investor and she has a portfolio of personal investments invested across a range of different collectives. In addition, she has an existing life office personal pension worth...
View ArticleDB transfer values climb in January
Defined benefit (DB) transfer values rose nearly 3% from the end of December to the end of January, according to XPS pension Group’s transfer value index (TVI). The TVI climbed £7,000 from £238,800 at...
View ArticleNeil MacGillivray: The tax quirks of jointly held investments between spouses
Last month, I looked at how married couples and civil partners could consider transferring investments from one party to the other to maximise unused allowances and lower tax rates. This article will...
View ArticleTroubled SIPP operator Guinness Mahon sold to Hartley Pensions
Troubled SIPP operator Guinness Mahon has been sold to Hartley Pensions after entering administration earlier this month. Administrators from Smith & Williamson (S&W) were appointed on Monday...
View ArticleFailed GPC SIPP receives 799 FSCS complaints
The Financial Services Compensation Scheme (FSCS) has received 799 complaints against failed self-invested personal pension (SIPP) provider GPC SIPP. The SIPP provider, which was previously known as...
View ArticleVanguard launches low-cost SIPP for D2C market
Vanguard has launched a self-invested personal pension for D2C investors with account fees of 0.15%. The SIPP is initially open to accumulation investors only, with fees across all accounts, including...
View ArticleGovernment must usher in decade of AE renewal
It’s incredibly pleasing that one of the first bills to see the light of day in this parliament was the much-needed pension schemes bill. Covering collective defined contribution, the pensions...
View ArticleCarey Pensions rebrands amid ongoing legal battle
Carey Pensions has rebranded to Options Pensions amid the firm’s ongoing legal battle with a former customer. In March 2018 Carey Pensions was accused of being “in bed with scammers” during a trial at...
View ArticleEmma Byron: Are mortality calculators TMI?
The longer we live, the harder it is to plan a comfortable retirement. As medical innovation stretches the human lifespan to its limit, the financial services industry must rise to the challenge of...
View ArticleTax hikes vital to meet govt spending promises, says IFS
Taxes will have to increase after the March Budget if the government plans to honour the spending plans in outlined last year, the Institute for Fiscal Studies (IFS) has warned. This comes as...
View ArticleJack Rose: EIS’s role in answering tomorrow’s challenges
Clarity is certainly welcome when it comes to EIS and VCT legislation something that has evolved and changed over the years with the changing tides of government and their individual agendas. It is...
View ArticleFiona Tait: Why do we have pension tax relief?
Most people do not understand how pension tax relief works, and there are 10 million people saving as the result of automatic enrolment anyway. I am, however, fairly sure of two things: People do...
View ArticleMaps names industry leaders for financial wellbeing initiative
The Money and Pensions Service (Maps) has named 12 sector leaders as challenge group chairs to spearhead its newly launched strategy for financial wellbeing. The national strategy aims to improve the...
View ArticleParliamentary steelworker summit: FCA ‘actively looking’ at adviser PI
The Financial Conduct Authority (FCA) has admitted it is “actively looking at” professional indemnity insurance (PII) and capital adequacy requirements for advisers but has declined to give any further...
View ArticleFoI request: Pension transfer permission withdrawals spike
The number of financial advice firms who have withdrawn their pension transfer permission application has jumped fifteen-fold in one year, a freedom of information (FoI) request by RP’s sister title...
View Article‘FCA’s failure to supervise leading to FSCS levy hikes’– PIMFA
“Ongoing failure” of the Financial Conduct Authority’s (FCA) supervisory regime is partly to blame for the colossal increases in the Financial Services and Compensation Scheme (FSCS) levy, an industry...
View ArticleBob Champion: Mapping the course to financial wellbeing
We use maps to help us get directions from A to B. The Money and Pensions Service (Maps) however have recently launched a 10-year strategy, ‘To improve the financial well-being in the UK’. Maps is the...
View ArticleQuilter facing more than 40 British Steel advice complaints
Advice giant Quilter is facing just shy of 50 complaints relating to advice given to British Steelworkers by Lighthouse and an adviser from Quilter Financial Planning. RP’s sister title Professional...
View Article‘Regulatory inhibition’ stifling workplace pension advice
Pension industry experts have highlighted a high proportion of investors are making “poor decisions based on poor advice” and a reluctance amongst firms to provide advice on pensions. The Financial...
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