Latest - PENSIONS

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  Curtis Banks acquires Hargreave Hale book of SIPPs

  12 December 2018

  Curtis Banks has completed the purchase of wealth manager Hargreave Hale’s book of SIPPs. The purchase gives the independent SIPP operator around 600 SIPPs investing in assets valued around £180 million. Hargreave Hale will continue to actively manage the invested assets and Curtis Banks will now be responsible for the professional administration of the SIPPs....

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  Fall in transfer values during November

  11 December 2018

  Pension transfer values fluctuated during November 2018, with an overall fall during the month, according to the XPS Pensions Group Transfer Value Index.   The index was £235,000 at the end of October and £230,000 at the end of November. The difference between maximum and minimum readings of the XPS Pensions Group Transfer Value...

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  UK Govt ex-pat pensioners triple lock promise useless unless EU reciprocates

  11 December 2018

  The government has published a Brexit policy paper in which it has pledged to increase the state pension of UK nationals living in the EU in the event of no deal, but only if the EU reciprocates. In its paper, Brexit secretary Stephen Barclay outlines: “Where it is in our control, the UK will...

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  Royal London flags drawdown impact of 10% market fall

  9 December 2018

  Royal London has highlighted the impact for clients using drawdown, warning they must ensure they take a sustainable level of income to maintain a resilient portfolio during periods of investment volatility, or risk running out of funds.  The mutual insurer said that if a person with £100,000 invested over a 25-year term took an...

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  McPhillips new Dentons technical director following Tilley departure

  9 December 2018

  Dentons Pension Management has appointed Stephen McPhillips as technical sales director following the departure of Martin Tilley. McPhillips first joined Dentons in January 2012, having previously built up extensive knowledge of the member directed pensions sector at several large providers, including Pointon York, Cofunds, James Hay and Scottish Equitable. McPhillips first entered the industry...

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  Talbot & Muir calls for standardised NSI reporting to improve due diligence process

  7 December 2018

  SIPP and SSAS provider Talbot and Muir has called for an industry standardisation of the non-standard investments (NSI) reporting to make it easier for advisers and their clients to compare providers. The firm has issued a due diligence document designed to answers the questions that, it says, advisers need to know when looking at...

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  CII Level 4 Diploma course launched by Blackburn College University Centre

  6 December 2018

  Blackburn College University Centre is running the CII Level 4 Diploma in Regulated Financial Planning, giving North West paraplanners and technical consultants and those aspiring to become financial planners the opportunity for face-to-face taught sessions from an independent Higher Education establishment. The course will run from 8 January 2019 to 1 October 2019, taking...

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  HMRC’s interpretation of death benefits in respect of a pensions transfer

  5 December 2018

  Martin Tilley, director of Technical Services, Dentons Pension Management looks at HMRC’s interpretation of death benefits in respect of IHT where a pension transfer takes place, with reference to the recent ruling in Staveley vs HMRC. First published in the December 2018 issue of Professional Paraplanner. Scrutiny of Chancellor Osborne’s pension freedoms announced in...

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