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Whether or not an attorney can appoint a discretionary investment manager is a question that has come up a number of times over the last couple of months. The position on this has changed following updated guidance from the Office of the Public Guardian (OPG), so maybe it is no wonder confusion still abounds.

I last wrote in my column on SIPPs Professional about the changes to Normal Minimum Pension Age (NMPA) back in October, when the rules were still under consultation. The industry had highlighted many issues with the proposals and asked for a re-think in terms of how the changes were brought in.

• In his latest article, Martin Tilley looks at the decision-making process and the need for documentation as it applies to Small Self-Administered Schemes.

In his second article for this new column for SIPPs Professional, leading SIPP and SSAS figure Martin Tilley, a director at Westbridge, looks at how selling a business can affect SSAS planning:

It is nearly 50 years since the concept of the Small Self-Administered Scheme (SSAS) was introduced and, despite their unique features as a retirement planning vehicle, it remains a much underused tool in the Financial Planning process. 

One of the big headliners in the Spring Statement was the cut in basic rate income tax from 20% to 19% from April 2024.

In the first of a new column for SIPPs Professional, leading SIPP and SSAS figure Martin Tilley, a director at Westbridge, looks at the dangers of cutting costs on property valuations:

The new fiscal year is often a time for SSAS and SIPP repricing, leading to the inevitable need for advisers to reassess their preferred SSAS and SIPP partners, writes Martin Tilley.

With 5 April rapidly approaching social media and inboxes are full of the usual “top ten tax year-end tips” headlines. For those who are organised the planning has long been done, allowances used as fully as possible and it’s time to sit back.

Writing an article on “decoupling” in the same month as Valentine’s Day feels a bit “bah humbug” – but rest assured, I'm talking about the link between taking tax-free cash and using pensions to provide an income that faces the prospect of being torn apart, not any romantic relationship.

Towards the end of last year the FCA published its much-delayed consultation on non-workplace pensions. The consultation proposes two major changes – the first relates to default investments and the second to cash warnings.

Back in May I talked about the FCA’s proposal to get more people using Pension Wise guidance before they accessed their pension. My point then was that the timing of the “nudge” was all wrong – when an individual contacts their provider to access their pension, they have already made their mind up what they want to do.

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