Recommended

FCA logo new 3 620x430
4

Savers divided over advice long-stop

Consumers remain divided on the introduction of a long-stop to limit liabilities for advisers, according to research from LV=. In a survey of 836 people in December, the provider found 40 per cent of pension holders over 55 would describe the measure as unfair. By contrast, 31 per cent said such a measure would be […]

6

Advisers warned over death-in-service lifetime allowance tax risk

Advisers must be wary of a little-known quirk in pension lifetime allowance rules that could see savers hit with a “nasty” tax charge, AJ Bell says. HMRC rules mean death-in-service benefits deemed to be paid out of a registered pension scheme count towards the deceased individual’s lifetime allowance, which will fall from £1.25m to £1m in April. If the […]

Clock money 620 x 430
1

Govt targets trust-based schemes in pension transfer overhaul

Trust-based pension schemes are to be forced to report their performance processing transfers as part of a raft of measures designed to make it easier for consumers to access their savings. From this summer, The Pensions Regulator will require trust-based schemes to report transfer times, “including against possible benchmarks and new transfer targets”. The Treasury […]

Labour-Supporters-Conference-2012-700x450.jpg
5

Labour sets out plans to toughen up pension freedoms

A long-awaited Labour report into pension freedoms has proposed a raft of new measures to protect consumers, including new “safe harbour” decumulation products. The report, commissioned by the shadow work and pensions secretary Rachel Reeves in 2014, will form the basis of Labour’s pension policy. Written by Cass Business School’s Professor David Blake, it targets […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment