Showing my age, one of my all time favourite Motown songs is: “The world is like a great big onion” by Marvin Gaye and Tammi Terrell. I am reminded of this classic at every budget or autumn statement because our pensions world has been growing like an onion – with layer upon layer of complexity added almost every time the Chancellor gets to his feet.
The FCA is mulling proposals to introduce two new regulatory returns to collect more data about the retirement income market from providers of retirement income products.
The Financial Conduct Authority wants the fund sector to explore the potential benefits of greater pooling of pension scheme assets in an effort to cut costs as part of its review of the asset management sector.
In six months’ time, April 2017, all Sipp providers will need to have changed their illustration systems so that they show the margin they retain on cash holdings, writes Elaine Turtle, director of DP Pensions.
The FCA league tables for most complained about pensions firms have been unveiled.
After reflecting on developments in the SIPP market over the last few weeks I’ve concluded that it’s definitely a case of out with the old and in with the new.
Consumers choosing income drawdown without using a regulated adviser are to come under the regulatory spotlight.
The Royal Mint has made Royal Mint gold bullion eligible for holding in SIPPS and SSASs.
The pension freedom reforms are a “potential trigger for future mass mis-selling”, MPs have warned.
Earlier this week I spoke at a TISA seminar on Mastertrusts. I was a bit of an interloper – Mastertrusts are certainly not my specialist subject – but I was asked to talk about lessons to be learnt from the Sipp market.
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