Latest Development

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  You do the hokey cokey and the Money Purchase Annual Allowance is £4,000.

  19 November 2017

  The Government announced their intention for the Money Purchase Annual Allowance (MPAA) to reduce, to £4,000 from 6 April 2017, in their final spring budget on 8 March 2017. Finance (No.2) Bill 2017 included this clause but it was dropped prior to the general election, then reintroduced in the Finance Bill published on 8...

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  A Trio of Tax

  14 November 2017

  Last month Helen O’Hagan covered the entry charge for discretionary trusts and now she moves onto the periodic charge where she will explains in simple terms how it works. Remember a discretionary trust is one where there are no fixed beneficiaries but normally the trustees can choose from a wide class of beneficiaries to...

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  Update on the new online Trusts Register Service

  9 November 2017

  In both May 2017 and July 2017 editions of Oracle Technical, I wrote about the new Trusts Register Service (TRS). Very briefly, seven key points arose from these articles. 1. Paper form 41G used to register a trust was withdrawn in April 2017 and instead an online register became operational on 13 July (albeit...

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  Prudential T.R.I.P webex

  6 November 2017

  Join Prudential and independent consultant Rory Percival at our T.R.I.P. webex and earn 1-hour CPD and hear about current issues in: • Technical • Regulatory • Investment • Planning Specifically, we’ll look at: • FCA consultative paper CP17/16 – defined benefit transfers proposed changes to TVAS • The topical changes to taxation and the...

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  Why invest in alternatives?

  2 October 2017

  Michael Howard, Prudential’s Head of Alternative Investments analyses how alternative assets can benefit multi-asset portfolios. As yields have compressed and forward-looking return expectations have fallen in the last few years investors have sought alternatives to traditional asset class to supplement their income and boost their total return. Please remember that the value of a...

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  The opportunities and challenges in infrastructure investment

  28 September 2017

  Michael Howard, Prudential’s Head of Alternative Investments discusses the opportunities presented by investments in infrastructure. Infrastructure investment has gained in popularity over recent decades as more investors have sought diversification, stable long-term income streams and an element of inflation protection. Infrastructure is extremely diverse but in essence refers to assets that are associated with...

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  Monitoring your managers and the importance of mandates

  24 September 2017

  The Prudential Portfolio Management Group (PPMG) Manager Oversight team has created a rigorous set of procedures to underpin the ongoing monitoring and management of the various underlying investments within the PruFund proposition. Adrian Gaspar, Multi-asset Investment Specialist explains Prudential’s approach. The primary role of the team is to ensure the continued suitability of underlying...

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  What limit applies to employer pension contributions?

  20 September 2017

  We are frequently asked “what is the maximum employer pension contribution that can be paid?”. Technically there is no limit, however, there are two areas to consider; tax relief and annual allowance. Tax relief As detailed in our article, ‘tax relief on employer contributions’, an employer pension contribution will receive tax relief based on...

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