pensions
Displaying items by tag: pensions
Wednesday, 07 March 2018 08:36
Long-awaited pensions cold calling ban coming in Summer
The long-awaited ban on pensions cold calling may come into effect this year as early as June after the government committed to legislation to introduce the measure.
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Monday, 05 March 2018 15:38
Auto-enrolment rise to boost pension pots 30% this year
Savers could be in line for a pension pot boost of as much as 30% this year with further rises on the way, new analysis by Aviva has shown.
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Thursday, 01 March 2018 12:50
Claire Trott: Please take me back to A-day
We are coming up to 12 years since the introduction of pension simplification and although it seemed at the time not to solve or simplify much I would go back to that day in a heartbeat.
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Monday, 26 February 2018 12:32
FCA reveals plans for ‘wider’ public register
The FCA is proposing to retain a wider-scale public register of advisers and others working at financial services firms, it announced this morning.
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Tuesday, 20 February 2018 12:14
Raids and arrest as police probe pensions cold-calling
Police have raided four homes and businesses as part of an investigation into “poorly-run pension schemes suspected of links to cold-calling”.
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Monday, 19 February 2018 12:38
SIPP firm founder predicts ‘casualties’ due to ‘toxic’ assets
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Wednesday, 14 February 2018 12:05
Elaine Turtle: Expression of wishes needs to be priority
The run up to the end of the tax year can be a very busy time for advisers and is an ideal time to ensure that clients review their expression of wishes form. Trustees do have the discretion to select who will receive benefits, but will of course take account of any in an expression of wish form.
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Monday, 12 February 2018 10:00
Pension transfer values fell last month
The latest figures on pension transfer values, released this morning, showed a fall last month.
The Xafinity Transfer Value Index fell steadily from £236,000 at the end of December to £231,000 at the end of January.
Sankar Mahalingham, head of DB growth at Xafinity Punter Southall, said: “Increases in gilt yields have been the main driver, with inflation remaining relatively stable.”
Graph below courtesy of Xafinity
Screen Shot 2018 02 12 at 09.38.10
The difference between maximum and minimum readings of the index over January 2018 was £6,000 or around 2.4%, Xafinity said in a statement.
The Xafinity Transfer Value Index tracks the transfer value that would be provided by an example DB scheme to a member aged 64 who is currently entitled to a pension of £10,000 each year starting at age 65 (increasing each year in line with inflation).
Different schemes calculate transfer values in different ways. A given individual may therefore receive a transfer value from their scheme that is significantly different from that quoted by the Xafinity Transfer Value Index.
The Xafinity Transfer Value Index fell steadily from £236,000 at the end of December to £231,000 at the end of January.
Sankar Mahalingham, head of DB growth at Xafinity Punter Southall, said: “Increases in gilt yields have been the main driver, with inflation remaining relatively stable.”
Graph below courtesy of Xafinity
Screen Shot 2018 02 12 at 09.38.10
The difference between maximum and minimum readings of the index over January 2018 was £6,000 or around 2.4%, Xafinity said in a statement.
The Xafinity Transfer Value Index tracks the transfer value that would be provided by an example DB scheme to a member aged 64 who is currently entitled to a pension of £10,000 each year starting at age 65 (increasing each year in line with inflation).
Different schemes calculate transfer values in different ways. A given individual may therefore receive a transfer value from their scheme that is significantly different from that quoted by the Xafinity Transfer Value Index.
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Friday, 09 February 2018 12:23
New retirement book released by Financial Planner
An ex-President of the Institute of Financial Planning has penned a new book showcasing ‘inspiring’ people aged 60 – 90 that demonstrate how to make the most of retirement.
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Friday, 09 February 2018 10:55
Pensions Ombudsman probes over 150 BSPS complaints
More than 150 complaints have been lodged with The Pensions Ombudsman relating to the British Steel Pension Scheme.
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