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  Retiring investors have £32,870 income tax-free per year

  12 April 2021

  As the new tax year gets underway, investors entering into retirement can take home at least £32,870 in tax-free income per year, new analysis from Quilter has revealed. The wealth management firm provided a breakdown of the different investments retirees could utilise to maximise their tax-free income before allowances grow increasingly “less favourable” over time....

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  Exam study: State Pension

  12 April 2021

  The Brand Financial Training team focus key points to learn in respect of the State pension – old and new Even though basic State Pension has been replaced with the new State Pension, it is still paid to those that retired before April 2016 so will often rear its head in the CII exams,...

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  Octopus looks to bring financial coaching to mass market

  12 April 2021

  Octopus Group has acquired Hatch Financial Coaching in a bid to bring financial coaching to the mass market. Founded in 2017, Hatch Financial Coaching will be rebranded Octopus Moneycoach and will seek to fill the gap between advice and robo-advice through a combination of smart financial planning software and financial coaches. The service, typically...

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  Pension transfer: Considering a workplace pension

  11 April 2021

  ATEB Consulting’s Steve Bailey examines why and how Paraplanners should consider a workplace pension in a pension transfer recommendation. Firms involved with pension transfer business will know that there is a requirement to consider an available workplace pension (WPS) as the destination for any transferred funds. If the recommendation is to transfer to an alternative proposed arrangement,...

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  Women losing out due to less engagement with pensions

  11 April 2021

  Just Group has called for greater scrutiny of the effectiveness of pension communications after FCA research revealed that women risk missing out in retirement due to poorer levels of engagement.  Figures from the FCA’s Financial Lives Survey showed a high proportion of people are not taking an interest in pension matters, with women (12%)...

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