Guide: reporting to the Pensions Regulator — what and when?
Johnson Fleming has published a step-by-step guide demonstrating the importance of record keeping and reporting, and how it can ensure you operate a successful scheme. The guide takes you through some key questions you need to ask and identifies the information you need to obtain. The topics include: why you need to keep records and the benefits of doing this; registering your scheme; what information you need to record to ensure you meet the Pensions Regulator’s requirements; and what items need to be recorded and when.
Advisers have backed warnings that risk-profiling tools could represent a ‘ticking time bomb’ for the advice industry. Last week, The Platforum cautioned some investors and advisers were over reliant on risk-profile scores. Advisers say they fear some are also using risk profile tools to cut corners. Derbyshire Booth managing director Greg Heath says: “We would […]
Apfa is calling on the Government to allow local authorities to champion financial advice for long term care self-funders who they signpost towards regulated advice. Under the Care Act, local authorities will be required to signpost those who self-fund their long term care to a financial adviser. Under proposed guidance for councils on the requirement […]
Partnership saw individual annuity sales plummet in the first six months of the year as half-year profits dropped by over 40 per cent. Announcing its half-year results today, the enhanced annuity specialist revealed sales of individual annuities totalled £334m in the first six months of the year, a 41 per cent fall from £590m during […]
Almost two thirds of pension schemes think the Government’s guidance guarantee will not provide savers with enough support, according to a survey by Mercer. In March’s Budget, Chancellor George Osborne announced that savers would be able to take their entire pension pot as cash once they reach 55. Alongside this he pledged that everyone would […]
A survey conducted by Johnson Fleming at the Pension & Benefits Show 2014 highlighted the key challenges faced within organisations post auto-enrolment. The results showed that communicating the changes and the value of them to staff, and receiving timely data from the payroll provider proved to still be the most challenging aspects of managing an auto-enrolment scheme.
Advisers will not be eligible to become shareholders in AJ Bell when it floats unless they are a customer of a business, the platform has said. The business is preparing to list on the main market of the London Stock Exchange either in December or early 2019. As part of the listing, AJ Bell is […]
Paraplanning firm Heather Dunne Consulting has gone into liquidation after its principal restricted its pension transfer permissions. Adviser Heather Dunne founded the firm in 2002 to support advisers doing pension transfers and the firm’s biggest client was HDIFA. HDIFA is also run by Dunne but was placed on voluntary suspension in July 2017 when it was […]
HMRC is tightening the screw on tax avoidance involving profit fragmentation Tax avoidance continues to drive Treasury and HM Revenue & Customs activity. Over the summer, the Revenue published responses to its consultation on proposals to tackle schemes designed to move UK business profits outside the charge of UK tax, often using offshore trusts and […]