A debate has been conducted over the past few months in the protection industry. It was brought to a head at the recent Signposts For Income Protection meeting when Nick Kirwan and Alan Tyler of the Income Protection Task Force presented the work they had done on trying to ascertain who could safely buy income protection […]
Scottish Widows has increased its cooling off period for annuity purchases to 60 days following the Budget pensions shake-up. The changes revealed by Osborne on Wednesday will allow people to take their entire pension pot as cash from age 55 from April next year. Any Scottish Widows annuity quotations issued since 18 February will now be valid […]
The Institute of Fiscal Studies says annuities will become even more expensive with more poor choices after the Government announced reforms to retirement income. In the Budget yesterday the Chancellor said all over-55s can take their pension pot in cash from next April and do not need to buy an annuity. Insurers’ share prices dropped […]
With three jokes, brightly coloured ties, help for scouts, girl guides and Bingo and one of the biggest pension changes in recent years, this was one of my favourite Budgets. From April 2015, pensions income can be taken from defined contribution pension schemes as the policy holder wishes after the age of 55. Annuity purchase […]
A major feature of our articles is looking into the Jelf Employee Benefits crystal ball to predict changes and trends that may influence the short and medium term shape of UK employee benefits. By flagging such changes early we aim to provide our followers with the tools to make sensible and informed decisions on their benefits offerings.
Australia’s defined contribution pension arrangement (known to Aussies as “super”) is the largest in the world, with assets of A$2.6trn – 144 per cent of GDP. Not bad for a system built from scratch in the early 1990s via mandatory employer contributions. Those involved in delivering auto-enrolment here in the UK always saw super as […]
Old Mutual Wealth has set out proposed changes to the inheritance tax nil-rate band and residence nil-rate band laid out in an open letter to Chancellor Philip Hammond. In the letter, OMW trusts and technical solutions head Rachael Griffin says there are numerous legacy clauses and exemptions causing “havoc and confusion” for those looking to […]
Ahead of speaking at Money Marketing Interactive Harrogate next month, ISJ Independent Financial Planning director Lena Patel talks becoming chartered and why she is wary of “advice” given at the pub What has been your proudest achievement at your firm this year? I have completed my exams over the past 12 months to become a Chartered Financial […]