September Issue


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  • DB transfer ‘bad decisions’ costing people 7 years’ retirement income

    15 August 2018

    Pension scheme members with an average transfer value of £230,000 could be losing out on significant amounts of money, according to a new report by XPS Pensions Group. The report Member Outcomes under Freedom and Choice found that those transferring from their employer’s scheme under the pension freedoms risk making poor decisions on where to...

  • Octopus opens share offer for AIM VCTs as retirement planning options

    15 August 2018

    Octopus Investments has launched a £20 million joint fundraise for its two Alternative Investment Market venture capital trusts, as clients seek tax-efficient means to save for retirement outside of lifetime allowance limit. The VCTs will offer investors access to a wide range of AIM-listed companies across a diverse range of sectors, from building materials and pharmaceuticals to software development and...

  • DB transfer values go nowhere in July   

    13 August 2018

    Pension transfer values as measured by the XPS Pensions Group Transfer Value Index remained stable during July 2018, with the index finishing the month where it started. The index stood at £233,000 both at the end of June and the end of July.  The difference between maximum and minimum readings of the XPS Pensions Group...

  • Cashflow planning software from sees jump in usage

    12 August 2018

    Cashflow planning software CashCalc has seen its funds under calculation jump by 54% during the first six months of 2018, taking the total figure to beyond £50bn.  Since the start of the year the number of clients added by advisers into CashCalc increased by 26%, while the number of cashflow plans that have been...

  • Pension Dashboard petition passes 126,000 signatures

    8 August 2018

    The petition launched by 38 Degrees in response to media reports that the Pensions Dashboard might not go ahead has passed 126,000 signatures – and continues to grow. This shows the depth of feeling and the support that the initiative has in the country, said Anthony Rafferty, managing director of Origo (pictured). “The benefits...

  • Technical: Unusual assets in a SIPP/SSAS – Intellectual Property

    6 August 2018

    IP may not be the easiest asset to include in a SIPP or SSAS but it has particularly benefits when had in a pension wrapper, explains Martin Tilley, director of Technical Services, Dentons Pension Management Amongst the more unusual asset classes you may find within registered pension schemes, is intellectual property. Whilst offering the potential for regular...

  • FCA looks to tackle price discrimination against long-term cash account holders

    5 August 2018

    Easy access cash savings accounts could have a basic savings rate imposed to help tackle the price discrimination faced by longstanding customers, the FCA has suggested.  In its discussion paper on price discrimination in the savings market, the regulator expressed concern that interest rates for customers who stay loyal to their provider are lower...

  • Adviser firms risk neglecting under 45s and intergenerational wealth

    2 August 2018

    Adviser firms are at risk of neglecting the under 45s and with it the chance to win inherited pots, a new report by Sanlam has warned.  Sanlam’s Generation Game report found that two thirds (66%) of advisers are not taking any steps to proactively engage with under-45s and a further quarter (23%) of advisers...