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John Lawson: The pensions advice allowance needs one vital tweak

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 […]

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Pensions regulator proposes ‘extreme’ ban on new SSASs

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: […]

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