Pensions minister Mike O’Brien says legislation will be drawn up to allow Pension Protection Fund compensation to be shared in divorce settlements.
The Tories say they will not vote for pension personal accounts unless the issues of means-testing and ensuring light-touch regulation are dealt with.In an interview with the Financial Times this week, Shadow Work and Pensions Secretary Chris Grayling says the Government must counter the damage that means-testing could do to the scheme.He says: “The reality […]
Hargreaves Lansdown head of research Mark Dampier has blasted Towry Law chief executive Andrew Fisher for rating qualifications over experience.Dampier went on the attack after Fisher last week branded experienced financial advisers who do not want to undertake study for further qualifications as “frankly pathetic”.He says: “Andrew Fisher used the analogy of seeing a doctor […]
The FSA has announced it is offering additional RDR consultation sessions for small firms in November and December so that more advisers can have their say on the review.
At the end of last month, I published the interim report of the independent review of generic financial advice that I am leading on behalf of the Treasury.
By Chris Taylor, Manager of the Neptune Japan Opportunities Fund H1 2014 Economy: after a harsh winter that slowed activity in the economy, the main event of the first half of the year has been the debate over what impact the 1 April VAT hike from five to eight per cent would have; we are […]
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There are numerous trip hazards with carry forward but more clients will want to be looking at it Many believe the annual allowance will be fair game for the chancellor soon, as one of the least painful and least complex reductions in cost to the Treasury. As such, the need to contribute while clients can and […]
The world is a challenging place for a traditional one-man (or -woman) band Increased regulation and rising costs are leading to a growing number of mid-sized adviser firms. Sole trader and two-handed businesses are becoming rarer as changing rules and client demands present a greater challenge for smaller firms. Between compliance, technology and the implementation […]
Thirty-six months is a short time in pensions. Before April 2015, few could have predicted that compulsory annuitisation would come to an end and the door to full withdrawals would be swung open. As the pension freedoms reach their third birthday, it is worth weighing up the evidence to date. Let’s start with the good […]