Latest Blogs
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James Jones-Tinsley: Guided Retirement Duty could be game changer
During May, the Pensions Policy Institute (PPI), sponsored by The Pensions Regulator (TPR), concluded that defined contribution (DC) pension savers – including those in SIPPs, as well as in Workplace Pensions - require more guidance when choosing suitable retirement products.
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Lisa Webster: Overcomplicated rules are a threat
It may be more than a year since the Lifetime Allowance was formally abolished but issues are still emerging from the mess made by rushed legislation.
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Lisa Webster: To gift or not to gift?
Since the announcement that pensions are to be included in estates for inheritance tax (IHT) purposes the question of whether those with large pension pots should be giving some funds away has become increasingly common.
Popular News
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DB surpluses hit record £223bn in August
UK DB pension surpluses hit a record £223bn in August against long-term funding targets, according to analysis from pensions consultancy XPS.
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2 senior appointments at SSAS administrator WBR
SSAS administrator the WBR Group has promoted Jenni Harland to be director of SSAS operations and Abigail House as SSAS proposition manager.
The appointments take immediate effect, the firm said. -
10% growth in annuities quotes
There’s been a 10% growth in annuities quotes this year, according to pensions technology provider iPipeline.
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Savers losing £1.7bn through pension transfers – report
Savers could be losing £1.7bn from their pension pots due to poorly informed transfers made in the year to 30 June, according to master trust People’s Pension.
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Scottish Widows and Origo cut LoA turnaround times
Workplace savings and pensions provider Scottish Widows has extended Origo’s Unipass Letter of Authority across its business to cut turnaround times and improve the quality of information.
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‘Sophisticated’ fraudsters targeting savers’ pensions
Fraudsters are using increasingly sophisticated impersonation techniques to access savers' pensions, according to the Pensions Regulator.
Third Financial, part of the Nucleus platform group, has launched a white-labelled digital proposition for large advice firms which will provide onboarding for a wide range of investments including SIPPs.
The House of Lords has called on the FCA to halt its plans to push forward with 'naming and shaming' firms facing investigations.
The average worker is on course to miss their target annual retirement income by £12,000, according to new research.
People wanting to maximise their state pension by plugging gaps in their National Insurance record have contributed to a total of 68,673 years, worth £35m, since April last year, HMRC said.
The FCA’s ban on contingent charging introduced in 2020 led to a dramatic fall in the number of DB transfers, but had little impact on fees, the regulator said.
The Pension Protection Fund (PPF)’s decision to reduce the amount it will levy on defined benefit pension schemes from £100m to £45m, has been welcomed by the Pensions and Lifetime Savings Association (PLSA).