Recommended

Exit-Man-Door-Depart-Leave-700.jpg
1

Govt’s secondary annuities chief exits for Brexit department

The head of the Government’s team working on the development of the secondary annuity market is to join the Department for Exiting the EU. Catherine Zeng led secondary market for annuities unit within the Treasury. She will be replaced by Jen Leverton. From April 2017 consumers will be able to sell on their annuities. However, […]

Bank-of-England-BoE-Building-Horse-700x450.jpg
1

Lenders say rate cut may not mean cheaper mortgages

The Bank of England decision to cut base rate to 0.25 per cent will not necessarily mean cheaper mortgages, according to lenders. Speaking at a press conference after announcing the cut to rates and a package of measures to boost the economy, Bank of England governor Mark Carney says the cut means banks “have no […]

Standard Life’s Jamie Jenkins on nudge theory for the over 55s

Standard Life head of pensions strategy Jamie Jenkins has a solution to the retirement savings gap. Unfortunately, however, it is not a quick fix. “What we need is a savings culture,” he says. “Automatic enrolment is nudging people towards that but it’s just the start of the process. We could have people saving for their […]

Chris-Hannant-glances-from-a-profile-pose-700.jpg
13

Advice firms say providers should cough up for FSCS costs

More than three quarters of advisers believe providers should contribute to the Financial Services Compensation Scheme intermediary funding class, according to Apfa research. A July survey of 262 advisers found that, on average, respondents thought the provider contribution should represent around a third of the cost. More than two thirds of respondents said a risk-based […]

Pension-pot-700.jpg

Lifetime allowance

Jim Grant, Senior Product Insight & Technical Support Analyst Benefit crystallisation events and the lifetime allowance charge – all you need to know. The lifetime allowance (LTA) is the maximum amount that can be crystallised before a charge applies. It used to be £1.8m but it’s steadily decreased to £1m. There’s a whole list of […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment