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Experts: Budget reforms risk 'advice vacuum'

1 October 2014 4:15 pm | By Sam Brodbeck

Savers waiting until April to access the new pensions flexibilities could be left disappointed.

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Conservatives pledge to raise 40p income tax threshold to £50k

1 October 2014 2:00 pm | By Sam Brodbeck

A Conservative government would raise the threshold for the 40 per cent income tax rate to £50,000, up from its current level of £41,900.

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Treasury hits back over 'death tax' annuity criticism

1 October 2014 1:03 pm | By Tom Selby

Beneficiaries of people who died before the announcement on 29 September will be able to ask their scheme administrator to delay the payments.

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Treasury reveals thinking behind end of pensions 'death tax'

30 September 2014 11:24 am | By Samuel Dale

Treasury minister David Gauke explains the debates within the department over the tax cut.

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Govt extends pension ‘death tax’ reforms to value protected annuities

30 September 2014 10:27 am | By Tom Selby, Sam Brodbeck

Proposals to cut the 55 per cent “death tax” on inherited pensions will be extended to value protected annuities but not standard annuities or scheme pensions.

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Tory MPs call for FCA vigilance over fresh wave of pension scams

30 September 2014 8:42 am | By Samuel Dale

Conservative MPs are concerned about how con artists may evolve following pension freedoms.

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Osborne creates confusion over pension 'death tax' abolition

29 September 2014 2:53 pm | By Sam Brodbeck

Chancellor says changes to death tax will take effect immediately but new rules only apply from April.

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TSC member: RDR impact comes at 'wrong time' for pension reforms

29 September 2014 11:43 am | By Samuel Dale

Conservative MP Mark Garnier tells the Tory conference that the RDR has had a bad impact.

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Osborne to cut 55% pensions 'death tax'

29 September 2014 8:18 am | By Samuel Dale

Chancellor will abolish tax that applied to untouched DC pension pots left by those aged 75 or over.

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Will Budget flexibilities boost Qrops?

26 September 2014 1:00 pm | By Sam Brodbeck

Overseas schemes aim to attractive savers with broader investment choices and lower taxes.

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Advisers lament insurers' outdated contracting out systems

26 September 2014 11:00 am | By Sam Brodbeck

Some providers are still demanding two sets of paperwork for clients with protected and unprotected rights.

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Friends Life launches independent governance committee

26 September 2014 10:27 am | By Sam Brodbeck

Providers must have IGCs in place by January 2015.

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Just how ready is the industry for Budget guidance?

26 September 2014 10:01 am | By Natalie Holt

What needs to be done between now and April to deliver a workable service?

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Annuity providers eye platform technology for post-Budget decumulation

26 September 2014 9:30 am | By Michael Glenister

Annuity providers are in talks with investment platform technology providers to power retirement income propositions from April next year.

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Will savers rush to capped drawdown after Budget bombshell?

25 September 2014 1:00 pm | By Sam Brodbeck

Savers have a short window to benefit from full annual allowance.

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Pressure grows on regulator over guidance levy

25 September 2014 9:30 am | By Sam Brodbeck

Trust-based schemes should help bear the burden.

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Disaster avoided? Insurers dodge huge independence costs but devolution looms

25 September 2014 8:30 am | By Pamela Morris, Sam Brodbeck

But experts say extra complexity could be a boon for advisers.

Comments (2)

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Labour sets out concerns over Budget pension reforms

23 September 2014 11:26 am | By Samuel Dale

Labour has come under pressure from internal critics of the Government’s pension reforms.

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Fabian Society urges Labour to reverse Budget reforms

22 September 2014 3:49 pm | By Sam Brodbeck

Fabian Society says the pension revolution “must be dismantled within weeks of Labour gaining power”.

Comments (1)

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Should pensions guidance be made compulsory?

22 September 2014 3:44 pm | By Samuel Dale

Pension experts suggest pensions guidance may not go far enough in its current form.

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Will MAS change its name to deliver pensions guidance?

22 September 2014 3:38 pm | By Samuel Dale

Pensions expert Laurie Edmans says the term advice has been given a very narrow meaning.

Comments (13)

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Cass Business School: Markets threatened by pension fund 'herding'

22 September 2014 2:42 pm | By Tom Selby

Pension funds are threatening to destabilise financial markets by “herding” in and out of asset classes at the same time.

Comments (1)

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IMA says FCA must distinguish between advice and guidance

22 September 2014 11:56 am | By Pamela Morris

Government proposals to set up a pension guidance service for savers on retirement must set a clear boundary between what is regulated advice and guidance.

Comments (2)

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Zurich calls for cap on adviser contributions to guidance levy

22 September 2014 9:47 am | By Sam Brodbeck

Insurer warns advisers could be priced out of the market.

Comments (1)

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Aviva sells stake in Spanish JV for £226m

19 September 2014 2:02 pm | By Michael Glenister

Sale part of ongoing restructure.

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Pension tax relief overhaul on the horizon despite No vote

19 September 2014 11:15 am | By Sam Brodbeck

Scottish tax powers could cause pension admin headaches.

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Does Nest need independent oversight once restrictions are scrapped?

19 September 2014 9:30 am | By Sam Brodbeck

Now: Pensions and The People’s Pension say an independent body should be established to monitor Nest.

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Savers swap annuities for drawdown as Budget impact bites

18 September 2014 1:00 pm | By Sam Brodbeck

ABI figures reveal extent of loss of appetite for standard annuities.

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HMRC eyes Budget flexibilities for QROPS

18 September 2014 11:21 am | By Sam Brodbeck

The Government is set to extend the Budget pension flexibilities to overseas savings vehicles after holding crunch talks with the industry.

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Apfa: Guidance guarantee would cost advisers 5% of profits

18 September 2014 11:18 am | By Tessa Norman

Disproportionate cost for advisers undermines guidance proposals, says Apfa. 

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Just Retirement reports 19% profit rise despite Budget annuities hit

18 September 2014 8:35 am | By Tessa Norman

Annuity sales halved following the Budget in March. 

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Is Labour preparing to overturn George Osborne's pensions revolution?

18 September 2014 8:30 am | By Tom Selby, Samuel Dale

Insurers have held behind-closed-doors meetings about the political risk attached to Chancellor George Osborne’s pension revolution.

Comments (30)

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SSAS customers risk devastating tax hit under new anti-liberation rules

17 September 2014 4:00 pm | By Sam Brodbeck

Fit and proper test could catch out schemes without professional administrators.

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ShareAction attacks ‘dangerously weak’ DC governance reforms

17 September 2014 12:26 pm | By Sam Brodbeck

Charity warns new independent governance committees are conflicted and lack the power to hold providers to account.

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Aegon launches multi-asset fund targeting Budget reforms

17 September 2014 11:31 am | By Michael Berry

Aegon has launched a new multi-asset income fund aimed at the post-pensions shake up retirement market.

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Hornbuckle signs ten-year 'strategic alliance' with FNZ

17 September 2014 9:00 am | By Tom Selby

Deal will see the firm adopt platform-style capabilities for its pension customers.

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Providers sign up to 'pension tracker' system

16 September 2014 11:50 am | By Sam Brodbeck

Friends Life, L&G and Zurich customers will have real time data on their pension pots.

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US insurer opens UK asset management distribution office

16 September 2014 9:39 am | By Sam Brodbeck

TIAA-CREF opens asset management office in London.

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Pru: Group advice sessions could be ‘hugely beneficial’

16 September 2014 8:33 am | By Tom Selby

Insurance giant Prudential says group advice sessions could be “hugely beneficial” as a tool to help plug the UK savings gap.

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AJ Bell director Eddie McGuire exits following restructure

15 September 2014 12:18 pm | By Tom Selby

AJ Bell client services director Eddie McGuire has left the firm following a restructure of the business.

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