Comment and Blogs
I went into a meeting for only a couple of hours and come out to find out that for many the state pension age will be 68 rather than 67 as they were expecting, for me however there is no change – well not yet anyway.
Read more: Claire Trott: We live in hope of no rise for normal minimum pension age
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.
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
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