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High Court ruling shields pensions from bankruptcy

Bankrupt pension savers may have their pension pots protected from creditors after a recent High Court ruling. In Hinton v Wotherspoon last month the High Court agreed with the verdict in an early case – Horton v Henry – which established that the existence of drawdown funds did not mean they were liable to an […]

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‘Cofunds should brace for more outflows’ as deal looms

Advisers are likely continue to pull assets away from Cofunds regardless of the continued uncertainties around the sale of the business, experts are predicting. Cofunds has lost £500m of its retail assets as advisers switch away from the platform, Platforum estimates. According to a Q1 adviser survey conducted by Platforum, 42 per cent said “commitment of the […]

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Govt urged to avoid repeat of Sipp failures on master trusts

The Government is being urged to make good on its promise of “strict criteria” for master trusts, including protection for savers if providers fail. Following last month’s Queen’s Speech, the Government unveiled a Pensions Bill that will add new  restrictions to the schemes, which provide pensions for around four million people. The accompanying document reveals […]

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