Replacing tax relief with a Pensions ISA could be George Osborne’s ‘Gordon Brown moment’ and cause ‘incalculable damage’, the former Pensions Minister claims.
Net new business in Hargreaves Lansdown’s Sipp nominee accounts was £1.2 billion for the last six months of 2015.
MPs will this afternoon debate claims that retirement plans “have been shattered with devastating consequences” due to transitional state pension arrangements.
A retirement planning boss believes that a single flat rate of pension tax relief could be the “boost to pensions simplification we’ve needed for a long time”.
FSCS bosses said today they see no end to the high numbers of Sipp-related advice complaints next year.
A Sipps expert fears the Government may be underestimating the complexity and costs attached to a new a flat rate of tax relief, amid reports this morning that such a change will be announced imminently.
Could 2016 be the year of the SSAS? The main reason I can see the answer being yes is that it is simply a suitable product for many that may have been overlooked in the past. I could just stop there but this would then be really short and quite uninformative so I feel I should expand a little.
Financial advisers should establish a charity to provide pensions advice to people with low incomes, a campaign group says.
Aegon has launched a new free guidance service designed for its own customers who have already been to Pension Wise but have no financial adviser.
Many customers newly entering drawdown to stay invested have not been using an adviser, new FCA figures showed this morning.
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