26 April 2018

Phil Wickenden: The client has to be placed at the centre of the story

We asked consumers approaching retirement how important a whole host of things were when thinking about planning income – from access to capital to preservation of funds, flexible income levels to cast iron guarantees. Do you know what people valued most? Being actively involved. This got me thinking about client engagement, where there is a […]

John Lawson: DC or CDC? That is the question

Collective defined contribution schemes are back on the table. And this time, it looks like for real. At last, there is demand, albeit from just one employer, Royal Mail. The work and pensions select committee is running an inquiry and the government also appears to be taking it seriously. Unfortunately, a lot of the old […]

Behind the numbers: Do quality stocks offer an advantage during times of stress?

Quality stocks offer an appealing combination of defensive characteristics and potentially superior returns, but valuations are driven by greed and fear Recent market vulnerabilities have got many investors rethinking their exposures. What role do defensive assets play if interest rates rise? Is the downside risk unpalatable? Could it be better to seek safety in higher […]

business property relief

Tony Wickenden: HMRC strengthens its anti-avoidance armoury

Changes that come into force from September are further reminders that tax cannot be ignored by merely placing assets overseas I have written extensively in this publication over the past few years about the Treasury’s and HM Revenue & Customs’ attitude to tax avoidance. A powerful combination of success in tribunal and court cases, targeted anti-avoidance […]

Is default drawdown a realistic proposition?

Default models have proved successful for accumulation but can the same be said for drawdown? When an idea works, it is natural to see if it can successfully be applied to something else. So it should come as no surprise that MPs are calling for default decumulation options to emulate the success auto-enrolment has had […]

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Billy Burrows: Advice wins every time

Why go to a non-advised broker when you can get expert advice for half the price? It has been 16 months since I started advising clients again after a break of four years. Obviously, much has changed since pension freedoms, not least that annuities are less popular and drawdown has become the new default at […]

Ros Altmann
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Ros Altmann: Time to shake up wake-up packs

The industry is sending out the wrong message on pensions Pension saving has responded well to behavioural nudges from auto-enrolment. Now we should build on this success. Millions more people are putting money aside for their retirement, which could offer exciting opportunities for advisers and pension providers. But capitalising on this situation requires new thinking. […]

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The lowdown on new DB transfer value analysis rules

Transfer value comparator and appropriate pension transfer analysis to replace much-maligned TVAS report in October The latest instalment in the long-running debate around defined benefit transfers was revealed by the FCA just before Easter. It was the response to the consultation it ran last summer. However, the landscape has changed since that point, with the […]