Latest - TAX AND TRUSTS

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  Treasury response to annual allowance issues seen as ‘sticking plaster’ approach

  17 January 2020

  A potential increase to the tapered annual allowance threshold, which the Treasury could raise from £110,00 to £150,000, has been met with criticism amongst the financial advice community. Reports have suggested that the Treasury is preparing to increase the threshold to stop NHS doctors being hit with huge tax bills. The latter have been...

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  RPI and CPIH changes consultation delayed until March

  15 January 2020

  Chancellor Sajid Javid has confirmed that the launch of a consultation on the Retail Price Index (RPI) will be pushed back until the March Budget. In a letter to the House of Lords’ Chairman of the Economic Affairs Committee, the Chancellor said that while the launch date had originally been planned for this month,...

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  Old Mutual Wealth adds voluntary scheme pays feature

  14 January 2020

  Old Mutual Wealth has added a voluntary ‘scheme pays’ feature to its personal pension allowing customers to settle annual allowance charges for any scheme. Quilter’s adviser platform has introduced the new feature following issues surrounding the tapered annual allowance which have affected many public service workers, including senior doctors. The current rules mean that...

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  Defaqto launches guide to balancing pensions freedoms and risk

  7 January 2020

  Financial information firm Defaqto has published a new guide too help advice firms advising on the pension freedoms. The guide, Balancing pension freedoms and risk in the modern advice world, written in conjunction with Canada Life, is designed to provide advisers with information and advice following the recent raft of regulatory changes. Defaqto said the guide...

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  What does the FCA have lined up for 2020?

  5 January 2020

  Aegon’s Steven Cameron sets out his ‘pick’ of FCA plans which may affect adviser firms in 2020 As with Government and industry, the FCA will be devoting a considerable amount of time and resource to Brexit. It will be updating its own regulations and rulebooks and checking the industry is making all the necessary...

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  Industry welcomes reintroduction of Pensions Dashboards legislation

  19 December 2019

  Industry commentators have welcomed the confirmation of the reintroduction of the Pensions Bill legislation, including the creation of Pensions Dashboards, the original Bill having failed to make it through parliament before the recent General Election. Jon Greer, head of retirement policy at Quilter, said he hoped that the Pensions Bill would “now see its...

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  TDQ: Test Your Knowledge – Questions

  18 December 2019

  For Professional Paraplanner’s TDQ (Training, Development and Qualifications) series, we have teamed up with key support providers, such as Brand Financial Training, to provide our readers with the very best in training, development and exam support. This series aims to provide you with valuable advice and guidance materials to help you achieve your training...

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  TDQ: Test Your Knowledge – Answers

  18 December 2019

  As part of our Training, Development and Qualifications (TDQ) series, Professional Paraplanner has teamed up with key training and exam support providers to help you to, amongst other things, revise for your qualifications. Below you will find the answers and also cross-references for the 10 questions in this month’s TDQ: Test Your Knowledge, provided...

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