June 2018
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Latest - RETIREMENT PLANNING

  • New paraplanner webinar series from Canada Life to tackle technical and tax issues

    8 April 2018

    Canada Life is launching a series of new webinars specifically designed to answer the most common and difficult questions facing paraplanners.  The company will be running three webinars over the next few weeks via its Paraplanner Academy. These will focus on achieving the right order of gifting, how to get the most from a...

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  • 41% in drawdown risk running out of money

    5 April 2018

    AJ Bell has warned that two out of five people are making annual withdrawals of more than 10% of their fund, running the risk of a shortfall.  Analysis by AJ Bell found that on average, people were withdrawing £6,612 annually from an average pension fund of £104,000. With an average expected investment return of...

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  • Value of SIPP/SSAS property purchases up 38%

    21 March 2018

    Xafinity SIPP/SSAS, part of pension specialist Xafinity Punter Southall, has reported a jump in the number of investors turning to commercial property investments and the value of those transactions. The firm said 178 commercial property transactions were completed in 2017. The total value of the properties was £62.3m, marking a 38% increase in value on...

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  • FSCS ‘best practice’ proposal gets provider backing

    20 March 2018

    Aegon has backed the development of ‘best practice’ communications material by the Financial Services Compensation Scheme (FSCS) to provide consumers with a better understanding of the protection the scheme offers. The pension specialist said an industry best practice standard will create “greater consumer confidence” in retirement products and advice. Aegon’s support follows the results...

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  • Technical: Effects of the reduction in the dividend allowance

    19 March 2018

    Kim Jarvis, technical manager, Canada Life looks at what the reduction in the dividend allowance from April 6 will mean for clients. It was announced in the 2017 Spring budget that the tax-free dividend allowance, which was introduced at a level of £5,000 in 2016/17, will be reduced to £2,000 from April 2018.  The...

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  • Technical: RNRB downsizing addition case studies

    15 March 2018

    The Residence Nil Rate Band keeps on helping – even after downsizing. Canada Life’s Kim Jarvis explains.  In addition to the standard nil rate band (£325,000), from 6 April 2017 each person is entitled to a residence nil rate band (RNRB) to use against the value of their home if it is left to direct...

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  • CISI survey finds confidence in UK economy is rising

    13 March 2018

    Financial services profession’s confidence in UK economic outlook is on the up, says CISI. The financial services profession’s confidence in the UK’s economic prospects has improved over the last 12 months, according to the latest Chartered Institute for Securities & Investment (CISI) survey. The CISI, the 45,000 strong professional body for those working in...

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  • Spring Statement gets mixed response

    13 March 2018

    The Chancellor’s Spring Statement was met with mixed response from industry experts, with little in the way of new or unexpected policy announcements. The Chancellor used today’s Statement as an opportunity to unveil stronger economic growth, forecast to be 1.5% in 2018, up 0.1% on the previous projection. He also said the Office for...

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