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Govt fires starting gun on future of DB pensions

The Government has set out a range of radical proposals to ensure defined benefit schemes are more sustainable in future. In its green paper on the sustainability of DB pension schemes, published today, the Department for Work and Pensions has kick-started the debate on managing the risks faced by DB pension schemes at the same […]

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Tom Baigrie: In defence of client call recording

I am a great fan of call recording. My firm was an early adopter, in part because we heard much about the ombudsman’s propensity to give clients the benefit of the doubt in a dispute over who said what to whom. We also recognised the huge training benefits that come from listening to yourself speak. In […]

Govt decision on MPAA cut sparks criticism

Advisers and providers say they are disappointed the Government has decided to press ahead with plans to reduce the money purchase annual allowance. A consultation on the move, which will see the MPAA fall from £10,000 to £4,000, was launched following the Autumn Statement last year. The £4,000 MPAA will come into effect next month, […]

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Govt hammers Qrops market with 25% tax charge

Qrops transfers will be hit with a 25 per cent tax charge unless they are made within the European Economic Area or the Qrops is provided by the individual’s employer. Budget documents published today confirm that transfers to Qrops requested on or after 9 March 2017 will be taxable unless, from the point of transfer, […]

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