January 2019


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Newsletter, Jobs & Event Alerts


  • 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...

  • 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...

  • 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...

  • 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...

  • 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...

  • Under 40s are saving but not into pensions

    4 December 2018

    Less than half of under-40s are saving into pensions, despite the majority regularly putting money aside for savings accounts and ISAs.  A nationwide study by The Nottingham Building Society found just 46% of 18 to 40 years old have started a pension. The under-40s are more likely to have savings accounts or cash ISAs...

  • DWP publishes proposals to make Pensions Dashboards a reality from 2019

    3 December 2018

    The Department for Work and Pensions has published its long awaited Feasibility Study into the Pensions Dashboards, enabling the industry to start preparing for what’s necessary to make the project happen, with the first schemes onboarding in 2019. Guy Opperman Parliamentary Under Secretary of State for Pensions & Financial Inclusion said the proposed pensions...

  • FOS complaints post pensions freedoms and suitability reports

    2 December 2018

    Cathi Harrison, managing director of Apricity Compliance, reviews the recent data released by the Financial Ombudsman Service on pensions complaints and what it means when writing suitability reports on pensions transfers. You may have seen that the Financial Ombudsman Service (FOS) has shared some data in relation to pension complaints, what makes them up,...