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Govt under pressure to raise pension transfer advice threshold

The Government is being urged to raise the advice requirement threshold on safeguarded benefit pension transfers to £50,000. Currently consumers are required to take advice when transferring out of a policy with safeguarded benefits, including defined benefits and guaranteed annuity rates, if the value of the pot is £30,000 or more. But Hargreaves Lansdown and […]

Mark Dampier

‘I was told it was a waste of time talking to trade journos’

“I was told it was a waste of time talking to trade journos” Hargreaves Lansdown head of research Mark Dampier remembers a somewhat lukewarm reception to MM’s launch 30 years ago. “I don’t really care about Priips” Wealth Management Association director of regulation Ian Cornwall is only interested in Mifid II. “Everyone’s hiring 12-year-old marketing directors” […]

Michael Johnson hits out at ‘vested interests’ of pension Isa critics

Pension Isa architect Michael Johnson has hit out at the pensions industry’s “vested interests” in preserving the current model of tax relief and says radical reform should also tackle public sector schemes. The Centre for Policy Studies research fellow has led calls for the Government to switch from the current exempt-exempt-taxed model to taxing contributions […]

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UK GDP revised up to 2.4%

UK GDP has been revised up to 2.4 per cent for next year, Chancellor George Osborne has announced today. Figures from the Office for Budget Responsibility, released in line with the Autumn Statement, show that the GDP figures are up from those announced in the Budget earlier this year. The OBR forecast also predicts GDP will […]

The curse of long-term cash

Trevor Greetham, Head of Multi Asset at Royal London Asset Management, reveals why clients should be seriously concerned when short-term holdings of cash turn into a long-term investment. There is nothing wrong with holding wealth in the form of cash on a short-term basis. For many people capital stability is important and access to ready cash […]

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