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Montpelier suspends new pensions admin business

Pensions administrator Montpelier has suspended the processing of new pensions business as part of a review into company strategy.

A statement on the Leicester-based firm’s website from managing director Kevin Wells says the move won’t affect clients’ Sipp and SSAS assets.

Wells says: “We appreciate the timing is not ideal given the proximity to the fiscal year end but hope you will bear with us in the short-term until a more formal announcement can be made. We will keep you fully abreast of developments as and when they occur.

“Obviously this decision does not affect client’s Sipp and SSAS assets detrimentally in any way. We will continue to provide full administration services relating to scheme assets and we will continue to accept contracted regular contributions.”



Budget 2011: Economists tell MPs we may have deflation next year

Economists are forecasting that inflation will be pushed down sharply next year to move below the Bank of England’s 2 per cent target, and say it is possible we will see deflation next year. The Office of Budget Responsibility has forecast that inflation will peak this year before starting to come down next year and […]


Investors in race against time to retain 120% GAD rates

IFAs face a race against time if they want to lock clients into the 120 per cent GAD income rates for the next five years, Suffolk Life says. Treasury reforms ending compulsory annuitisation come into force in 12 days time. Under the new rules investors entering drawdown for the first time from April 6 onwards […]


FSA considers QCF level four waiver for disabled or ill IFAs

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Budget 2011: Tax proposals to take centre stage for pensions

Tax reform ideas are expected to dominate pension news in today’s Budget after the Office for Tax Simplification recommended a merger of income tax and national insurance. In a report published on March 3, the OTS proposed joining the two regimes as part of a range of radical changes to the UK tax system. Hargreaves […]


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