March 2018


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  • AKG publishes analysis of 72 with profits funds

    29 January 2018

    AKG has launched its 2017 UK Life Office With Profits Reports, designed to help adviser firms and providers assess specific with profits funds. The reports contain analysis and assessments of 185 sub-funds within 72 funds across 26 firms that were active in the UK market at the end of December 2017. AKG said the...

  • FSCS puts 3 SIPP operators in default

    21 January 2018

    The Financial Services Compensation Scheme (FSCS) has declared three SIPP operators in default, on the basis that they are unable or likely to be unable to satisfy protected claims against them. This follows the FCA highlighted concerns in the SIPP market relating to due diligence failings. The FSCS has received approximately 150 claims against...

  • Win for holders of Scottish property in pension schemes

    18 January 2018

    Holders of Scottish Property in their pension schemes have something to celebrate, says Nigel Bennett, sales & marketing director at InvestAcc. You may have missed the piece of good news issued by Revenue Scotland on 28 December 2017, concerning transfers of Scottish Property between pension schemes. So long as there is no consideration, genuine transfers...

  • Transfer values end 2017 16% higher than 2015

    17 January 2018

    Pension transfer values as measured by the Xafinity Transfer Value Index fluctuated around 7% from high to low during the year but ended 2017 slightly higher than 2016 figures. The index ended the year at £236,000, little changed from the figure of £234,000 at the end of 2016. However, these figures were relatively high...

  • Average annual income of pensioners continues to rise, says Prudential

    16 January 2018

    People planning to retire in 2018 are expecting to live on an average annual income of £19,900, according to the latest research by Prudential1. The figure now stands at its highest level since the survey began in 2008 and after five consecutive years of rising incomes. Prudential conducts annual research into the financial plans...

  • New standards body set to help industry deal with evolving market  

    16 January 2018

    Criterion, the newly formed industry body, has appointed four non-executive directors to the board, as it looks to help the industry deal with changes arising from the ongoing impact of the pensions freedoms, fintech innovation and implementation of the ambitions of government and the regulator. The body is focussed on the development of sustainable...

  • When the State Pension pot runs dry – in 2032

    16 January 2018

    The latest Government Actuary’s Department (GAD) projections suggest the National Insurance fund, which is used to pay out state pension, could be exhausted by 2032. GAD’s base-case projections are that as the old-age dependency ratio (the number of pensioners per 1,000 people of working age) increases, introduction of the new State pension and continuance of...

  • Too late to register a SSAS?

    15 January 2018

    Tight timescales around this time of year can cause issues for employers looking to register a SSAS scheme. Martin Tilley, director of Technical Services, Dentons Pension Management looks at the problems and potential solutions HMRC’s stance not to register schemes with dormant employers has been topical of late but in fact, HMRC have had...