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Comment and Blogs

We all know that annuity sales have been in decline for some time with the rise in popularity of drawdown under the Pension Freedoms and the poor value they are perceived to offer.

It will be no surprise to those of you that know me, or at least read some of my blogs last autumn, that I’m not the biggest fan of default investment pathways, especially when it comes to SIPPs, and most definitely when advisers are involved.

The recent news that the withdrawal charge for Lifetime ISAs (LISA) was being dropped from 25% to 20% was very welcome and a pragmatic move by the Treasury.

It’s been a few years now since the words “holiday”, “property” and “SIPPs” were commonly found together.

When SIPPs were in their infancy they were largely a niche product reserved for the most affluent, small business owners and entrepreneurs.

July felt like an incredibly busy month. Aside from the continued juggle of home schooling alongside the day job, consultations have been coming at us thick and fast.

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