December 2018
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Latest - RETIREMENT PLANNING

  • Fall in transfer values during November

    11 December 2018

    Pension transfer values fluctuated during November 2018, with an overall fall during the month, according to the XPS Pensions Group Transfer Value Index.   The index was £235,000 at the end of October and £230,000 at the end of November. The difference between maximum and minimum readings of the XPS Pensions Group Transfer Value...

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  • UK Govt ex-pat pensioners triple lock promise useless unless EU reciprocates

    11 December 2018

    The government has published a Brexit policy paper in which it has pledged to increase the state pension of UK nationals living in the EU in the event of no deal, but only if the EU reciprocates. In its paper, Brexit secretary Stephen Barclay outlines: “Where it is in our control, the UK will...

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  • UK investors showing caution on risk and income taken from portfolios

    10 December 2018

    UK investors are more cautious than their European counterparts when it comes to taking income and risk, new research from Schroders has shown. The minimum level of income UK investors would like to receive from their investments is 8.6%, compared to a higher global average of 10.1%. In line with this more conservative approach,...

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  • 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...

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  • 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...

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  • Tax planning: How to exit a bond – Part I

    5 December 2018

    Kim Jarvis, technical manager, Canada Life examines the options when a client wants to exit an onshore bond fund, in particular total segment surrender versus the allowance, with case study.  First published in the December 2018 issue of Professional Paraplanner. An onshore bond is simply a tax wrapper and you may have clients that are...

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  • 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...

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  • 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...

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