September 2017
EDITION

VIEW ONLINE
SUBSCRIBE

Register with PP

Newsletter, Jobs & Event Alerts

Latest - PENSIONS

  • Switching multi-member SIPPs

    19 July 2017

    Nigel Bennett, sales and marketing director at InvestAcc, talks about the increasing number of established professional firms who are reviewing their pension arrangements, switching to new SIPPs and transferring commercial property from legacy plans. Recently, there has been a pronounced spike in enquiries for multi-member SIPP arrangements, where a review of their existing scheme...

    READ ARTICLE
  • State Pension Age rise to 68 brought forward 7 years

    19 July 2017

    The Government has announced that the rise in state pension age from 67 to 68 will be brought forward to 2037, seven years earlier than current proposals, which is expected to save the government around £74bn. This will affect those who are currently in their mid-40s to early 50s. The change was announced by...

    READ ARTICLE
  • What if your client has bust the MPAA since April?

    14 July 2017

    When elements of the Finance Bill were left out in order to get it through Parliament post the snap General election, one of the proposed changes left without a firm resolution was the reduction in the Money Purchase Annual Allowance (MPAA) from £10,000 to £4,000. This was intended to be effective from 6 April...

    READ ARTICLE
  • New CII pensions transfer qualification to open in August

    14 July 2017

    The Chartered Insurance Institute (CII) has announced it is opening its new pension transfers qualification for enrolments in August. The launch follows the Financial Conduct Authority’s (FCA) proposals to tighten the advice requirements for the transfer of safeguarded benefits. The Level 4 Certificate in Pension Transfers Advice includes a new Level 6 unit (AF7) Pension transfers...

    READ ARTICLE
  • Clients on average £40,000 better off than unadvised peers

    13 July 2017

    New research from the International Longevity Centre – UK (ILC-UK), supported by Royal London, has found that those who received financial advice in the 2001-2007 period had accumulated significantly more liquid financial assets and pension wealth than their unadvised equivalent peers by 2012-14. This applies to both affluent investors and those ‘just getting by’...

    READ ARTICLE
  • MPAA change to £4,000 effective from April 2017

    13 July 2017

    Government ministers have confirmed that the Finance Bill will be introduced as soon as possible after the summer recess. This will legislate for all policies that were included in the pre-election Finance Bill. The government has also re-confirmed that all policies originally announced to start from April 2017 will be effective from that date....

    READ ARTICLE
  • FCA Retirement Outcomes Review gives regulator “early view of areas to keep a close eye on”

    12 July 2017

    The FCA’s Retirement Outcomes Review was set up to identify how the retirement income market has changed since the introduction of the pensions freedoms in 2015. The review states that over one million defined contribution (DC) pots have been accessed since the reforms to the pensions rules, of which 72% have been accessed by consumers...

    READ ARTICLE
  • SimplyBiz’s Davy calls for Government rethink on small pension pots

    12 July 2017

    SimplyBiz chairman Ken Davy has called into question the Government’s announcement that consumers with a guaranteed annuity rate (GAR) on a pension pot of under £30,000 will no longer need to seek advice. Davy believes this is a backward step which could potentially damage the financial outcomes of over a million less well-off consumers....

    READ ARTICLE