BM Solutions is on course to achieve a record month of applications. BM says it received its highest number of applications ever submitted in a 24 hour period on May 9 at 145m. The lender says it is on target to record 1bn of applications this month.
Aaarrggggh. Yet more technical papers that must be read. I don’t know about you but my pile of reading is nearly reaching the ceiling.
Muslim families could be forced to sell their homes to pay inheritance tax bills following Chancellor Gordon Brown’s surprise overhaul of the taxation of trusts in the Budget. The Society of Trust and Estate Practitioners head of policy and communications Keith Johnston says there is a danger that thousands of Muslim families will be affected […]
Lawrence House Fund Managers is offering a Sipp with no set-up costs or charges for the first year in conjunction with pension specialist DA Phillips. The two firms will pay the 805 set-up and first-year costs of the premier trust Sipp for any client introduced by an IFA. Minimum investment is 150,000 to qualify for […]
How is the 10-year anniversary charge calculated on a settlement?
By Kunal Desai, head of Indian equities, Neptune Since the election of Narendra Modi as prime minister in May 2014, Indian equities have gone on to outperform both developed and emerging markets. A busy period of governmental and economic reforms, a lower oil price and falling political risk have been the primary drivers over this […]
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The FCA has reiterated its warnings that advisers outsourcing defined benefit transfer advice to firms with relevant qualifications cannot divorce themselves from responsibility for the eventual recommendation. While existing FCA rules require additional qualifications to advise on DB transfers, and the FCA has written to all firms who have DB transfer permissions as part of […]
The Liberal Democrats have branded the government’s decision to delay a pot follows member pension system “incompetent”. The Liberal Democrat spokesman for work and pensions Stephen Lloyd MP says the move by pensions minister Guy Opperman shows how “rudderless” the current government is on pensions policy. Last October Opperman suggested the pot follows member initiative […]
Putting the right people off transferring at the outset will be hugely valuable to the industry but there are issues to address A combination of pension freedoms and the economic circumstances giving rise to historically high transfer values has created a perfect storm in terms of demand for defined benefit transfer advice. Sadly, it has […]