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Steve Bee: Coping with the 21st century retirement crisis

The golden age of defined benefit company pension schemes is over. The golden generations of pensioners it spawned, in the private sector at least, have gone off into the sunset with their generous pots. Towards the end of the last century, many of the largest employers in the UK used their pension schemes as the […]

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MPs ask FCA for updated list of ‘powers’

The influential Treasury Select Committee has asked the FCA for an updated version of its “powers” to inform its future work. Appearing in front of the committee today, FCA chief executive Andrew Bailey reiterated the regulator has limitations on what it can and can’t reveal on some of its investigations, in particular on its recent […]

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AFH buys Colchester advice firm for £2m

Consolidator AFH has acquired Colchester-based advice firm Britton Financial. The deal is AFH’s first for the current financial year. It completed 13 deals in the previous financial year. A stock exchange announcement says the maximum purchase price is just over £2m. For the 12 months ended 31 May 2017 Britton reported profit before tax of […]

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MPAA consultation

By Fiona Tait, pensions specialist The chancellor’s announcement of proposed cuts to the Money Purchase Annual Allowance means it will be more important than ever to be able to tell your PCLS from your UFPLS What was in the statement? Not much. The chancellor spared three sentences to inform us that the Money Purchase Annual Allowance will be reduced […]

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