Pension transfer values rise in May

A fall in gilt yields in the second half of May has lead to a rise in pension transfer values, according to XPS index. Despite transfer value index fluctuation in May, pension transfer values saw an overall rise during the month. Figures from the XPS Pensions Group show the index was £232,000 at the end […]


FCA and Insolvency Service sign new deal to fight phoenix firms

The FCA and the Insolvency Service have signed a new deal to crackdown on misconduct after firms collapse. Directors at firms that are collapsed or under investigation are facing tougher measures under the terms of the ‘memorandum of understanding‘, which will see the FCA and the Insolvency Service sharing more information in an effort to […]

AJ Bell shakes up pricing in passive range

AJ Bell has reduced the price investors pay for its Passive Balanced fund as the firm looks to pass on economies of scale to investors. The ongoing charges figure on the Passive Balanced fund has been cut from 0.5 per cent to 0.47 per cent. The company has also fixed the annual management charge on […]


Lifetime allowance

Jim Grant, Senior Product Insight & Technical Support Analyst Benefit crystallisation events and the lifetime allowance charge – all you need to know. The lifetime allowance (LTA) is the maximum amount that can be crystallised before a charge applies. It used to be £1.8m but it’s steadily decreased to £1m. There’s a whole list of […]


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