APRIL 2021
EDITION

VIEW ONLINE
SUBSCRIBE

Register with PP

Newsletter, Jobs & Event Alerts

Latest - PENSIONS

  • Two thirds of retirees risk running out of money

    21 April 2021

    Two thirds (66%) of people retiring in 2021 risk running out of money, a new report by Standard Life Aberdeen has revealed. The Class of 2021 report found that those retiring this year plan to spend on average £21,000 a year in retirement, almost £10,000 less than the average UK household income. However, looking...

    READ ARTICLE
  • SIPP provider legal cases – update and implications

    20 April 2021

    Stephen McPhillips, technical sales director, Dentons Pension Management Limited looks at two SIPP provider cases that have gone through the Courts and what the latest judgement means for the SIPP market Regular readers of Professional Paraplanner might recall that, back in September 2019, I provided a brief summary of some legal cases affecting SIPP providers....

    READ ARTICLE
  • Six million potential DB transfers in the market

    19 April 2021

    Around six million defined benefit pension members have yet to consider transferring to a more flexible pension scheme, suggesting the current volume of transfers in the market is just the “tip of the iceberg”, according to HUB Group. The FCA’s Financial Lives survey found nearly nine in 10 (89%) of deferred and active members...

    READ ARTICLE
  • Govt’s NPMA plans will ‘complicate things considerably’

    13 April 2021

    Retirement specialist Quilter has urged the government to rethink its plans to raise the minimum pension age to 57, amid concern the change will “complicate things considerably” for pension savers. The government announced in February that it would press ahead with proposals aimed at increasing the normal minimum pension age (NPMA) from 55 to...

    READ ARTICLE
  • 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,...

    READ ARTICLE
  • 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,...

    READ ARTICLE
  • 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%)...

    READ ARTICLE
  • Flexible pension withdrawal rise needs to avoid pitfalls

    8 April 2021

    Flexible pension withdrawals are expected to rise over the coming quarter, putting pension savers at risk of various pitfalls, according to AJ Bell.  In five of the six years since the pension freedoms launched in April 2015, the first three months of the tax year has typically seen the highest volume of flexible withdrawals,...

    READ ARTICLE
Professional Paraplanner