March 2019


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  • Technical: Financial planning around pensions and divorce

    7 February 2019

    Elaine Turtle, director, DP Pensions looks at the misconceptions and practicalities when dealing with pensions in a divorce case. The early months of the year are noted in legal circles for a rise in people coming to solicitors to initiate divorce proceedings. Consequently, it is also a time financial planning firms find they see an increase...

  • HMRC pensions freedoms overtaxing decried as ‘shameless’

    6 February 2019

    HM Revenue & Customs has taxed pension savers over £400 million since the pension freedoms were introduced in 2015, new data has shown, with one commentator decrying the practice as “shameless”. HMRC routinely taxes savers using the emergency tax code when it does not have the correct tax code, resulting in large payments which savers...

  • Adviser firms missing intergenerational and legacy planning opportunities

    5 February 2019

    Adviser firms are not engaging with clients’ next generations, new research from Octopus Investments has shown, and so are missing opportunities.  Most adviser firms surveyed said they had an existing relationship with only 20% of their clients’ beneficiaries, while 58% said they were actively trying to develop these relationships. However, the overwhelming majority (95%)...

  • Financial advice threats and opportunities

    4 February 2019

    Brexit is proving a contentious issue for the advice industry, with over half of advisers viewing it as a threat, while a quarter cite it as an opportunity. According to the latest research by Aegon, 51% of those surveyed saw Brexit as the biggest threat to the advice sector, while 27% viewed it as...

  • FCA Retirement Review pinpoints remedies for key consumer issues

    31 January 2019

    Four years on from the pension freedoms, the FCA has published its Retirement Outcomes Review policy statement, introducing a set of remedies designed to protect consumers and help them make better choices before accessing their pension savings and throughout their retirement. The rules, which will be implemented by 1 November, include changes to ‘wake-up’...

  • Paraplanner views split on idea of single rate pensions tax relief

    29 January 2019

    The Organisation for Economic Co-operation and Development (OECD) recently suggested the UK should move to a single rate of pension tax relief or an ISA pension system.  In a recent Parameters survey we asked paraplanners for their views on the suggested change. An ISA pension system received little support – just 4% of respondents...

  • Drawdown investors ‘remarkably resilient’ in volatile markets, survey finds

    29 January 2019

    As many as a third of drawdown investors would not make changes to their investments following sharp falls in the stock market, a new study from Canada Life has shown. Of those investors who said they would be concerned about stock market moves (67%), markets would need to fall by as much as 7.5%...

  • Aegon film aims to promote workplace pensions

    29 January 2019

    Aegon has launched a film designed to highlight the benefits of joining a workplace pension.  While the film predominantly targets new joiners and young employees, Aegon said its core message that savings schemes represent a generous saving perk, is relevant to all workers. As well as tackling the concept and value of saving, the...