27 October 2016

Tony Mudd: The investment bonds and small firms tax puzzle

Prior to April 2008, investment bonds (both onshore and offshore) held by companies were taxable under the chargeable events regime – precisely the same regime that applies for individual investors today. In other words, a tax charge would arise where there is a chargeable event and any resulting gain would have been subject to corporation […]

Is Nest trying to solve a problem that does not exist?

The recent consultation on the future evolution of Nest seeks to expand its remit in a number of ways, but principally in providing retirement income products. However, is Nest right when it claims its members lack appropriate choices and that it should step into the breach? An insight into Nest’s own view of the market […]


Billy Burrows: Can annuities survive yet another setback?

What a state the annuity market is in. Rates are still at low levels, we have had a disappointing outcome from the FCA’s enhanced annuity review and now a U-turn on the secondary market. The demise of the annuity was signalled back in 2014 when then-chancellor George Osborne delivered his infamous Budget speech. However, the […]


Mike Morrison: The realities of reforming pension tax relief

The pensions world eagerly awaits next month’s Autumn Statement. Few would have predicted the events of the summer and it seems a long time since George Osborne’s consultation on pensions tax relief launched in July 2015. We all knew the tax relief provisions would come under question at some point. It does seem wrong higher […]


Martin Tilley: Time to tighten the rules on SSASs

Earlier this month, we were contacted by someone enquiring about our SSAS trustee and administration services. The individual in question explained he was receiving a pension from his previous employer’s scheme but also had an undrawn Sipp invested in regulated assets to the value of around £200,000. He did not need the funds for retirement […]


What does good advice firm leadership look like?

I was at a conference a couple of months ago where one of the speakers highlighted the most critical factor for business success as leadership. A few weeks later I heard another speaker talking about the need to “re-learn” leadership. But what does leadership look like? More importantly, what does best in class leadership look […]

The dark side of Sipp consolidation

The run-up to the 1 September introduction of tough new capital adequacy rules for Sipp providers saw a steady stream of mergers and takeovers. Figures from the FCA show that, in the year to the end of June, a quarter of the UK’s Sipp brands disappeared. And while the trend accelerated in the final, frenzied […]


Stephen Womack: Training young advisers will reap rewards

Earlier this month, I spent a fascinating day as one of the judges for the Personal Finance Society’s Chartered Financial Planner awards. The judging panel quizzed those shortlisted for the individual chartered award and the representatives of the firms who made it to the final three in the chartered firm award. I have been lucky […]

Can Hammond keep his hands out of the pensions cookie jar?

New Chancellor Philip Hammond will deliver his first Autumn Statement on 23 November and the industry is waiting with bated breath to see what impact it will have on pensions. Last week’s announcement that the Treasury will not pursue the creation of a secondary annuity market indicates Hammond is not blindly following his predecessor George […]