March 2019
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Latest - PENSIONS

  • Curtis Banks launches new SIPP backed by online portal

    24 January 2019

    SIPP provider Curtis Banks has launched a new self invested personal pension to replace its current range of products. The ‘Your Future SIPP’ brings together elements of Curtis Bank and Suffolk Life SIPPs into a “more efficient and streamlined” proposition, with increased functionality for advisers and their clients. A new online portal will also...

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  • Martin Tilley joins Hurley Partners as Pension Director

    24 January 2019

    Martin Tilley has joined Hurley Partners as Pension Director. His role will focus on developing advisory and trustee relationships with both existing and new SSAS clients. Martin was previously director of Technical Services at Dentons Pension Management, where he had over 30 years’ service. He will be working closely with the firm’s other pension specialists...

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  • Dealing with distressed investments in SIPPs

    22 January 2019

    Martin Jones, technical resources consultant at AJ Bell, looks at what you can do and, just as importantly, what you can’t do in respect of distressed investments in SIPPs. SIPP investments was a hot topic in 2018 for various reasons, whether around investment due diligence, scam investments or compensation schemes. While these are all...

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  • GP pension tax issue could be prompt to review lifetime allowance

    21 January 2019

    Health secretary Matt Hancock has entered into discussions with the Treasury following growing anger surrounding GP pension tax rules.  The lifetime allowance for pensions tax relief was lowered from £1.25m to £1m in 2016, meaning GPs do not see any benefit in continuing to pay into their pension fund and instead leave the profession...

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  • Voluntary NI contributions discounted rate ends on 5 April 2019

    20 January 2019

    Royal London is urging adviser firms to make clients aware they can top up their state pension before 5 April at a discounted rate. The mutual says people thinking about paying voluntary National Insurance Contributions to fill past gaps in their contribution record will be better off doing so before 6 April. Under current rules,...

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  • Ignorance of MPAA leading to unexpected tax bills

    17 January 2019

    Over one in five drawdown customers are unaware there is an annual limit to the amount that can be paid into their pension once it has been ‘flexibly accessed’, putting them at risk of large unexpected tax bills, according to Canada Life. In a survey* the life and pension provider found that 22% of...

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  • Talbot and Muir flags high-fee little-service issue for SSASs

    17 January 2019

    Talbot and Muir is suggesting financial adviser firms with SSAS clients to look closely at whether they are being charged high fees for little or no service. The SIPP and SSAS specialist said SSASs in this category risk failing to meet the administrative requirements of HMRC and The Pensions Regulator, and could face large fines and...

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  • Year on year pension transfer values remain high

    15 January 2019

    Pension transfer values as measured by the XPS Pensions Group Transfer Value Index remained high during 2018, staying relatively stable throughout the year until December when the index became more volatile.  The Index ended the year at £235,000, little changed from the figure of £236,000 at the end of 2017.  These figures were also...

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