As far as advisers are concerned, the direction of travel from the previous and current administrations is a good one. Advice is now required when transferring from defined benefit to defined contribution schemes and from some pensions with guarantees. The tax advantage of employer-arranged advice is also set to increase from £150 to £500. So […]
A proposal from The Pensions Regulator to ban pension transfers into small self-administered schemes and to consider stopping new SSAS arrangements being set up have been branded “extreme” and “ill considered”. In a blog on TPR’s website, regulatory policy executive director Andrew Warwick-Thompson suggests three measures to curb pension scamming, including a ban on SSASs. Warwick-Thompson says: […]
I have been working in the pensions industry for almost five decades now. In that time, I have been witness to a great deal of upheaval in what seems like an unnecessarily ever-changing sector. That said, I honestly do not think I have ever encountered such a strong feeling of hopelessness as that which currently engulfs […]
By Felix Wintle, Manager of the Neptune US Opportunities Fund H1 2014 Economic data: after last year’s strength, economic data has disappointed. Indeed, the economy contracted 2.9 per cent in the first three months of the year — the US economy’s worst performance for five years. However, rather than a symptom of underlying economic weakness or […]
Adviser trade body Pimfa has called on the government to go forward with the pensions dashboard as rumours swirl that ministers are considering abandoning the idea. Pimfa’s call comes after reports claim work and pensions secretary Esther McVey believes that the pensions dashboard would be a distraction to rolling out universal credit and so should […]
The Money Advice Service will soon be superseded by a new public financial guidance body, rolling it into Pension Wise and The Pensions Advisory Service. Money Marketing looks at some of the key stats for the organisation ahead of the transition.
The year so far has been full of manager and senior staff moves. Earlier this month, eight senior staff at Standard Life Aberdeen left to go to Aviva Investors, to join former Standard Life Investments equities head David Cumming. With moves like this in mind, is a management team or sole manager the better choice? […]