Popular News
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Specialist expat SIPP adviser declared in default
The Financial Services Compensation Scheme has declared financial adviser AXG Advice Ltd (FRN: 450813) as failed.
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Trust in pensions sector drops for first time in 5 years
Public trust in the pensions industry has dropped for the first time in five years, according to an annual survey.
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Hundreds face huge tax bill after cashing in pension
Almost 300 people fully encashed a pension of more than £250,000 after tax-free cash between October 2023 and March 2024, paying a minimum £98,700 each in tax in the process, according to new analysis of FCA figures by Standard Life.
Latest Blog
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James Jones-Tinsley: Aiming for an advice-guidance sweetspot
As Nikhil Rathi is reappointed as CEO of the Financial Conduct Authority (FCA) for another five years, the FCA has set out its strategic direction for 2025/26, with important implications for financial advisers.
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Lisa Webster: Over-taxation of pensions remains an issue
HMRC’s January pension schemes newsletter announced changes to tax codes for pensions, and a few headlines followed proclaiming HMRC had finally fixed the over-taxation issue. It would be fantastic if that was the case, but despite nearly 10 years of getting it wrong, the problem isn’t resolved yet.
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Lisa Webster: Divorce impact on lump sums raises question
The lifetime allowance may have been consigned to the annals of history but the various forms of protection are still relevant in the new world, especially when it comes to the amount of pension commencement lump sum (PCLS) that can be taken.
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Martin Tilley: How education can tackle pension scams
The dark reality of pension scams is that we don’t really know how common they are. Fraud is a crime which tends to have low reporting events and with pension scams, it’s no different. The emotional toll can be as large as the financial, with some people being too embarrassed to report that they have been the victim of a scam.
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Lisa Webster: Maximising protected tax-free cash
While 2024 ended with a lot of doom and gloom in the pension world following the big announcement on inheritance tax (IHT), there was some good news that may have slipped under the radar of some advisers.
The pension reforms risk creating another PPI-style scandal, a financial services firm's founder says.
The increasing number of adult children living with their mum and dad could be sapping their parents' savings and affecting their plans for retirement, a think tank has warned.
More people will put commercial property into Sipps and SSASs as a result of the end of the death tax, making property investment much more attractive, a Sipps firm has predicted.
An independent retirement savings commission should be created to put the long term interests of savers at the heart of pensions policy, according to The National Association of Pension Funds.
The link between the auto enrolment earnings trigger and income tax could be axed next year.
Turning pensions into something beginning to resemble bank accounts is "dangerous and misleading", according to a pensions firm, following more reforms announced by the Government.