24 March 2016

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Can new pensions guidance body succeed where the MAS failed?

The financial services industry is preparing to say goodbye to the Money Advice Service following Chancellor George Osborne’s Budget announcement to scrap it. The Chancellor revealed a new pension guidance body will be created by merging some elements of  the MAS with The Pensions Advisory Service and Pension Wise. The aim is to provide a […]

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The trojan horse paving the way for radical pension tax reform

Is the Lifetime Isa a blueprint for a wider overhaul of the pensions system that would see tax relief abolished altogether? That is, literally, the multi-billion-pound question, and advisers, providers, employers and other stakeholders will be attempting to work out the answer in the months between now and the EU referendum at the earliest. The […]

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Time for a fresh look at investment committees

All too often governance is considered a dull topic but time and time again it proves critical for outfits of all shapes and sizes. Take Fifa, for example. It would seem ex-president Sepp Blatter did not pay a great deal of attention to governance and look where that has left the world of football. The […]

Tony Wickenden: Lifetime Isa offers glimpse into pension tax future

Following the trend of those over the past few years, the Budget had plenty for financial planners to get stuck into. The “bigger picture” saw some interesting tax reductions and incentives being substantially funded by the continued war on aggressive tax avoidance. Multi-national companies and their tax shenanigans have been in the news since Starbucks […]

Le Jehan Joe Schroders

Schroders’ Le Jehan: Are markets warning us investor consensus is wrong?

One of the more interesting developments of the year so far has been the changing dynamics within equity markets. To the casual observer the year could be split in two, simply explained by changing perceptions of the prevailing macro backdrop. The first six weeks a classic “risk off” environment, where defensive characteristics outperformed as investors […]

Kim North: Ditching guidance in favour of advice

I know we cannot all get what we want all the time but I have always believed advice should be available to everyone. Why? Because research shows time and time again money under advice is more efficiently managed for individuals in both sickness  and health, in poverty and in prosperity. But it is important consumers know […]

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Citizens Advice chief: Altmann provider criticism unhelpful

Citizens Advice chief executive Gillian Guy says Ros Altmann’s comments over how providers are failing to signpost to Pension Wise were not helpful. Pension Wise has suffered from low take-up since it launched in April 2015, prompting the pensions minister to blame providers for failing to direct customers to it. But Guy – whose organisation […]

Danby Bloch

Danby Bloch: Lifetime Isa or pension?

Should a client under the age of 40 invest in a pension or a Lifetime Isa? This is a new issue thousands of advisers will be considering. From April next year, any adult under 40 will be able to open a Lifetime Isa. Investors can save up to £4,000 each year and will receive a […]

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Alistair Cunningham: The charlatan movement endangering cashflow planning

Marketed by the Government as supporting freedom and choice, misuse of flexi-access drawdown has the power to destroy an individual’s lifetime wealth. With this in mind, it is not unreasonable a product-related recommendation should cover the necessary detail in a way that is appropriate to the individual, highlighting relevant risks and benefits with due consideration. […]

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Richard Parkin: What is not to love about the Lifetime Isa?

Those of us in the pensions world were waiting to see if there would be a sting in the tail of the Chancellor’s assurance he was not going for a full-scale reform of pension tax relief in last week’s Budget. Would he cut the lifetime and annual allowances further? Would he abolish salary sacrifice for […]