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Retirees set to benefit from DB lifeboat fund’s surplus

The Pension Protection Fund may look to distribute its surplus funding to people tipped into it following the collapse of company retirement schemes if it meets its financial self-sufficiency target. The lifeboat fund for defined benefit pension schemes is aiming to achieve financial self-sufficiency by 2030. According to a Financial Times report, PPF chief executive […]

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Phoenix to compensate over automatic disinvestment

The Pensions Ombudsman has ruled Phoenix Life should reimburse a client for the financial losses he suffered due to a breach of contract that led to the disinvestment of his funds. In the case Mr T complained that James Hay made an unauthorised encashment of his savings, formerly held in a Sipp, and that Phoenix […]

UK outlook is not all doom and gloom

Brexit is providing one source of geopolitical risk on which investors can be more optimistic  The synchronised recovery, which proved so fertile for markets last year, is ongoing, with growth in the major economies – the US, eurozone, Japan and China – still above trend. This is translating into robust corporate earnings. First quarter earnings […]

Rachel Vahey

Rachel Vahey: New rules for inherited Isas

Changes mean the valuable tax advantages Isas are famed for can continue after death When an Isa account holder dies, it is possible for their spouse or civil partner to inherit an additional Isa subscription. This allows them to effectively inherit their partner’s Isa, as long as they were living together at the time of […]

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