SEPTEMBER 2019
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Latest - PENSIONS

  • TDQ: Test Your Knowledge – Questions

    28 August 2019

    For Professional Paraplanner’s TDQ (Training, Development and Qualifications) series, we have teamed up with key support providers, such as Brand Financial Training, to provide our readers with the very best in training, development and exam support. This series aims to provide you with valuable advice and guidance materials to help you achieve your training...

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  • DB pension transfer market functioning better than FCA thinks

    27 August 2019

    It was a rise in transfers values that contributed to the surge in DB pension transfer volumes, which suggests “the market is functioning better than the FCA thinks”, according to AJ Bell CEO Andy Bell Bell said that while the significant increase not only in pension transfer activity but the proportion of positive recommendations...

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  • Wealth Wizards to launch DB transfer ‘abridged advice’ tool

    27 August 2019

    Wealth Wizards is developing software that will enable financial adviser firms to implement a digital ‘abridged advice’ service. The financial planning tech firm says it has developed the tool in response to the Financial Conduct Authority’s proposal in July for ‘abridged advice’, a lighter form of Defined Benefit (DB) pension transfer advice which cannot...

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  • Moving a SSAS to SIPP – case study

    26 August 2019

    David Bonneywell, director, Talbot and Muir, presents a case where two company owners want to transfer out their SSAS into separate SIPPs but find their current Trustee company is less than obliging Bill Jones and Jane Smith have decided to sell their business as Bill is considering retiring. Jane, whilst wanting to continue to...

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  • Technical Insight Seminar Speaker – Stephen McPhillips

    26 August 2019

    This autumn we are taking the Technical Insight Seminars to paraplanners from Bristol to Scotland. We start in Nottingham on 11 September. New venues we will be visiting from September to November are: Glasgow 18/9, Leeds 2/10 and Reading 23/10. The seminars are paraplanner-only events and free for to attend. This year’s seminars are...

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  • News in brief: SSAS cost and transfer delay warning

    22 August 2019

    Talbot and Muir has warned that some SSAS arrangements are facing significant costs and delays on transfers to a more suitable vehicle, such as a SIPP. The independent SIPP and SSAS specialist, says that while SSAS arrangements continue to be popular with advisers and their clients, at times it can be necessary  to transfer...

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  • Exception to MPAA rule when taking money from pension pot

    21 August 2019

    Royal London has flagged the need to carefully manage pension pot withdrawals if clients are to benefit from an exception to the Money Purchase Annual Allowance (MPAA) rule, which limits pension payments to £4,000 once pension holders have started drawing taxable cash. Since the introduction of ‘pension freedoms’ in April 2015, savers aged 55...

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  • Opperman says Nest sending ‘message to the rest of the industry’ on transfers

    19 August 2019

    Guy Opperman, Minister for Pensions and Financial Inclusion, has praised Nest joining the STAR Initiative, as “great news and overdue”. STAR is the industry initiative aimed at improving the outcomes for individuals who want to transfer their assets, such as pensions and investments, by shaping recognised, industry-wide standards to promote good practice in transfer,...

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