Comment and Blogs
When Theresa May called a snap General Election in April, few would have envisaged the outcome resulting in a hung parliament and no Conservative majority.
Read more: Jones-Tinsley: Who’s going to tell Brenda from Bristol?
As is to be expected, a lot of the conversations that I have recently had with advisers have centred around defined benefit (DB) transfers.
I have just finished AJ Bell’s annual tour of the UK where a host of lucky advisers got to hear me talk about the current key pension issues.
Read more: Mike Morrison: FCA DB transfer plans fail to cover contingent charging
As we all know the FCA issued a consultation on the Financial Services Compensation Scheme (FSCS) funding under CP16/42 and this is under review. The last time these rules were reviewed was in March 2013.
Read more: Elaine Turtle: People forget that Sipps are SELF invested
Pensions are at the mercy of many areas of legislation and the unintended consequences of this seems to be hitting areas of pensions more and more and things get even more complicated.
Read more: Claire Trott: SSAS looks like it will be caught in regulatory trap
Pensions are complicated enough for providers, advisers and clients to administer and understand.
Read more: Elaine Turtle: Firms and pensions suffering after MPAA delay