The SNP has warned that while it backs pension freedoms, it plans to identify and target hidden and unfair charges.
Composer platform allows customers to “mix and match” their savings.
Altmann will review drawdown charge cap and future of the Money Advice Service.
In the early days of pension freedoms the influence of providers, rather the Government’s flagship Pension Wise service, is being brought to bear on savers.
Creating and implementing diligent systems and processes now might well save some future embarrassment.
Any adviser who thinks they know better than their clients is mistaking a matter of opinion, however well informed, for a matter of fact.
Politicians will bang the drum about looking after “hard working families”, but don’t diligent savers also count as hard working?
The reduction in the lifetime allowance to £1m could bring in extra complexity around fixed protection.
Expecting annuitants to pay 3 per cent of their pot for advice that they should not sell is a triumph of hope over likely experience.
Advisers must start to think about preparing for another qualification requirement.
More restrictive investment choices are frustrating high-net-worth investors, the original audience for Sipps.
Investors in failed property investment scheme Arck are facing further delays as the Financial Services Compensation Scheme continues to investigate claims against advisers
Changes allow firm to invest in broader range of fixed-term deposits.
LV=, Rowanmoor and Attivo would all have less than 100% coverage if the cap ad rules applied today.
The Big Interview
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An in-depth look at the financial planning opportunities as we approach the end of the tax year…
Australia’s experience of pension freedom should be ringing alarm bells here in the UK.
The Certificate in Pension Scheme Member Guidance was designed for administrators but could also be useful for paraplanners and advisers.