June 2018
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Latest - PENSIONS

  • CashCalc to launch TVC/APTA tool in collaboration with Rory Percival

    17 June 2018

    Cashflow planning software CashCalc is set to launch a standalone TVC/APTA tool.  The module will be launched ahead of the FCA’s Transfer Value Comparator and Appropriate Pension Transfer Analysis regulations coming into effect on 1 October 2018. Users of the tool will be able to sign up to the tool on its own or as...

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  • Transfer values rise during May after April dip

    12 June 2018

    Pension transfer values as measured by the XPS Pensions Group (formally Xafinity) Transfer Value Index fluctuated during May 2018, with an overall rise during the month.  The index was £232,000 at the end of April and £234,000 at the end of May. The difference between maximum and minimum readings of the XPS Pensions Group...

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  • Pension Dashboard solution scale tested to serve 15 million users

    12 June 2018

    Origo has successfully scale tested its pension dashboard solution to handle anticipated usage by 15 million consumers when launched. The solution provides an underlying engine that enables consumer requests to be sent to pension providers and for pension details to be returned to the consumer-facing dashboard. It also includes advanced features such as Delegated Authority (access)...

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  • Industry calls for multiple Pensions Dashboard solution

    10 June 2018

    The pension industry would prefer to see a multiple dashboard solution rather than the single dashboard, according to a new survey by TISA. In a survey of 28 firms across the pension industry, including providers, administrators, fintech firms, fund managers, banks and law firms, an overwhelming 71% said they would choose an ‘open standards...

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  • Over 7 million may have misplaced retirement savings

    10 June 2018

    More than 7 million people may have misplaced some of their retirement savings, research by pension provider Aegon has revealed. The research shows that 64% of people have multiple pensions, up 2% on a previous Aegon survey, and 22% of those have lost track of one or all of their pensions. The findings highlight...

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  • OTC calls for HMRC to review taxation of pension lump sums

    4 June 2018

    More should be done to help people understand the tax implications of their pension withdrawals under the new pension freedom rules, according to a review by The Office of Tax Simplification (OTS). The review, entitled Savings Income: Routes to Simplification, found that the taxation of pension lump sums was not easily understood by many...

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  • June Issue OUT NOW

    3 June 2018

    For this issue’s Paraplanner Profile editor Rob Kingsbury talked to Sarika Dhanjal, Paraplanning Team Manager at Tenet, about her role, how the team operates and the business’ new outsourced service. Click here to access. See the accompanying video too, where Sarika discusses how her role differs from the norm, in that although she is...

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  • Insistent clients – why we don’t agree with PFS view

    30 May 2018

    ATEB’s Steve Bailey explains where the firm does not agree with the PFS guide in respect of insistent clients. The PFS recently updated its Good Practice Guide on Defined Benefit Pension Transfers. It is very straightforward and the good practice guidance it gives is pretty much a reiteration of the FCA views on the various...

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