June 2019
EDITION

VIEW ONLINE
SUBSCRIBE

Register with PP

Newsletter, Jobs & Event Alerts

Latest - PENSIONS

  • Consumers no regrets about plundering pension savings

    11 April 2019

    The majority of consumers who have flexibly accessed their pension savings since the introduction of the pension freedoms four years ago have no regrets about doing so, despite re-investing the money into low or no interest savings accounts, new research has shown. According to Canada Life, 90% of people said they had no regrets,...

    READ ARTICLE
  • Post baby boomer savers need to sacrifice more take-home pay for retirement

    10 April 2019

    The ‘good times’ of rapidly rising retirement incomes may be coming to an end. It follows the latest retirement income figures from the Department for Work and Pensions which showed that average weekly income for all pensioners was £304 in 2017/18, almost twice the £161 recorded in 1994/95, but down from £317 in 2016/17....

    READ ARTICLE
  • HMRC and SSAS scrutiny

    9 April 2019

    Gareth James, head of technical at AJ Bell looks at where typical use of SSAS is coming under HMRC scrutiny and offers some dos and don’ts when advising clients SSASs have attracted regulatory and press attention for all the wrong reasons in the last few years. The primary cause of concern has been the...

    READ ARTICLE
  • Full-time mothers should be auto-enrolled, says LEBC

    8 April 2019

    LEBC Group has called for all full-time mothers to be auto enrolled into their own pension plan, helping to reduce the gender pension gap and enabling women to claim their share of pension tax relief. As workers aged between 22 and 66, earning more than £10,000 a year, prepare to see their auto enrolment...

    READ ARTICLE
  • Fears around NHS staff confusion in opting out of ‘generous’ pensions offering

    8 April 2019

    Chase de Vere Medical has warned that NHS employees are shunning the NHS pension scheme because of a lack of understanding of the valuable benefits they stand to lose.  According to a recent Freedom of Information request by the Health Service Journal, 245,561 NHS staff have opted out of the NHS pension scheme in...

    READ ARTICLE
  • Maximising pension allowances

    7 April 2019

    Daniel Hough, wealth management consultant, Mattioli Woods, looks at the issues for clients seeking options to maximise their pension for retirement through additional contributions. As we know, the most you can personally pay into your pension (and get full tax relief) in a tax year is up to 100% of your relevant UK earnings,...

    READ ARTICLE
  • Sharp monthly rise in pension transfer values reported

    7 April 2019

    XPS Pensions Group has reported that pension transfer values as measured by its Transfer Value Index increased substantially during March. The index peaked at almost £251,000 before losing some of those increases to end March 2019 at £244,900, an increase of £9,700 on the previous month end. The difference between maximum and minimum readings...

    READ ARTICLE
  • Industry concerns over Dashboards timeframes

    4 April 2019

    Commentators flag details around legislation, inclusion of state pension and ‘significant amount of work’ yet to be done before dashboards become reality Work and pensions secretary Amber Rudd has given Pensions Dashboards the green light following an industry consultation, but ongoing Brexit uncertainty means proposals could be delayed beyond the year. In a statement,...

    READ ARTICLE