September 2017
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Latest - PENSIONS

  • Retirement saving – compulsion inevitable says 7IM

    19 September 2017

    Seven Investment Management warned that more must be done to encourage people to save sufficiently, effectively and sooner for retirement and that the UK is on an educational journey that must end with compulsion. Justin Urquhart Stewart, co-founder and head of Corporate Development 7IM (pictured), says: “The regulator is understandably concerned about the options and...

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  • Pensions need dose of reality

    19 September 2017

    Matthew Phillips, managing director at Thomas Miller Investment, says the industry should focus on highlighting the importance, simplicity and flexibility of pensions to encourage clients to save. People need to recognise the crucial role pensions play in enabling them to retire, and start by making small contributions, Phillips says. “Lots of people knock pensions. In recent...

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  • Should the age at which pensions freedoms apply stay at 55?

    18 September 2017

    What we will see going forward? Will the Government raise the age in line with the State Pensionable age? Should people be retiring at age 55? Steven Cameron, pensions director takes a view. The pension freedoms have proved very popular since they were introduced 2 years ago, with an increasing number of people choosing...

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  • Pension Annual Allowance: ‘Scheme Pays’ key dates

    17 September 2017

    Mike Morrison, head of platform technical at AJ Bell, examines Scheme Pays, the options and the key dates of which paraplanners should be aware. It has been six years now since ‘Scheme Pays’ was first introduced and it brought with it much needed flexibility by allowing pension scheme members to pay their annual allowance...

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  • Mitigating tax charges if the Lifetime Allowance increases

    11 September 2017

    Advisers and paraplanners must prepare for an increase in the Lifetime Allowance next April, if the September inflation remains high, as timings could prove crucial in managing clients’ tax charges, according Nucleus. The wrap platform says the decision to raise the lifetime allowance after years of lowering it could mean substantial tax savings for...

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  • Balancing act for pension scheme trustees facing DB transfers

    7 September 2017

    Trustees face a difficult balancing act in how they communicate the availability of a pension transfer, says Aegon, in response to a report that highlighted a lack of timely information and advice for those in salary-related pensions. Research carried out by pensions consultant LCP and mutual insurer Royal London found the majority of the...

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  • Rise in pensions freedoms access age needs ‘plenty of advance warning’

    7 September 2017

    Proposals to raise the minimum age for accessing pension freedoms need to be given with plenty of advance warning to avoid huge disruption to the plans of thousands of pension savers, says Aegon.  The government previously indicated that it would increase the age at which pension freedoms apply in line with any rises in...

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  • SIPP property purchase – not as easy as it used to be

    5 September 2017

    Denton’s Martin Tilley flags how issues like annual allowance and tapering are impacting the purchase of property through a SIPP Since their conception nearly 30 years ago, the ability for self invested personal pensions (SIPPs) to invest in commercial property has been one of their key attractions. From a taxation point of view, gains...

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