February 2018
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Latest - PENSIONS

  • Case study: Mixed-use property purchase in a SIPP

    18 February 2018

    Keith Gorbutt, technical manager, Dentons Pension Management, walks through a scenario where a SIPP is used to buy the client’s shop premises with a residential flat above.  The ability to buy and hold directly owned commercial property within self-invested personal pensions (SIPPs) has been a popular investment feature for many years.  Many UK high streets...

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  • Calls for ban on contingent charging for pension transfer advice

    15 February 2018

    The Work and Pensions Select Committee has called upon the FCA to ban contingent (no transfer, no fee-style) charging for pension transfer advice, a move that has found support with adviser firms. In its latest report on the British Steel Pension Scheme, the Committee says the charging structure is “a key driver of poor...

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  • Hands off our pension freedoms, say consumers

    15 February 2018

    Pension savers do not want the government to curb pension freedoms, according to new research by Aegon.  In response to the Work and Pensions Select Committee hinting at recommendations to restrict the pension freedoms, 72% of people said they believe the freedoms help the transition into retirement. Only one in four said they would...

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  • Pensions Dashboard can deliver significant benefits ‘if we lay firm foundations’, says new Origo MD

    14 February 2018

    Pensions Dashboard is an exciting prospect for UK financial services and FinTech providers like Origo, that are able to deliver the technology to make Dashboard happen and to help develop it further in the years to come. But the industry first has to lay the firm foundations on which to build the service, says...

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  • Pension transfer values down in January as gilt yields rise

    14 February 2018

    Xafinity reports that pension transfer values, as measured by the Xafinity Transfer Value Index fell steadily during January 2018. The index fell from £236,000 at the end of December 2017, to £231,000 at the end of January 2018. The difference between maximum and minimum readings of the Xafinity Transfer Value Index over January 2018...

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  • Regulatory changes to annuity quote requirements

    13 February 2018

    ATEB Consulting director Steve Bailey looks at recent changes required by the FCA when providing annuity quotes to clients – effective from 1 March 2018. The FCA has been carrying out a series of reviews and enhancements to the annuity market that started in 2014 with the thematic review of annuities. The review work...

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  •  ‘Two tax year’ contribution opportunity window is closing

    11 February 2018

    Jeff Steedman, head of SIPP/SSAS Business Development at Xafinity, looks at ways to improve the pension provision and reduce future tax liabilities of the company directors in the run up to the end of the tax year. It amazes me just how many clients in 2018 “have no pension provision at all” and yet...

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  • Denton’s acquisition of SIPPchoice ‘proves commitment to market’, SIPP/SSAS provider says

    11 February 2018

    Specialist pensions provider Dentons Pension Management has taken over London-based SIPP provider Sippchoice for an undisclosed amount, boosting its assets under administration to over £4bn. The acquisition will add around 1,400 SIPPs to Denton’s existing book of business, bringing the total to over 6,000 SIPPs, along with 800 SSAS clients. Ian Stewart, joint managing...

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