Displaying items by tag: pensions
Tuesday, 13 November 2018 12:01
Experts welcome DWP consultation on DB pensions consolidation market
XPS Pensions Group has welcomed a proposed consultation from the Department for Work and Pensions (DWP) on DB pension scheme consolidation.
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Tuesday, 13 November 2018 11:42
Elaine Turtle: Budget relief over pensions tax
So it was with bated breath that Chancellor Philip Hammond stood to deliver his November Budget speech. Rumours has been swirling for weeks that pensions could be hit with changes to taxation. It was suggested that this would be to pay towards the NHS deficit among other things. It was with great relief that when he sat down and we reviewed the actual Budget papers that this was all just speculation and there was little impact. This can only be a good thing as any meddling impacts the distrust that consumers have for the pensions system and makes it difficult for advisers to plan for the long term with clients. How many times have we heard that PCLS or tax-free cash as it is more commonly known will be scrapped? Every Budget for as long as I can remember.
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Tuesday, 06 November 2018 09:21
State Pension Equalisation Day masks ‘gender discrimination’
Men and women will for the first time share the same state pension age of 65 from tomorrow (6 November 2018) marking a major pensions milestone set in train 25 years ago but critics say the change is far from fair to women.
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Wednesday, 31 October 2018 10:27
FCA reminds SIPPs firms of obligations after Berkeley Burke case
The FCA has written to SIPP firms to reiterate regulatory commitments following the judgement in the Berkeley Burke case.
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Tuesday, 30 October 2018 12:53
Budget 2018: Chancellor lays off pension tax relief
Experts breathed a sigh of relief as Philip Hammond’s Budget yesterday avoided a tax raid on pensions.
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Monday, 29 October 2018 11:24
FCA reveals jump in complaints to over 4 million
FCA data showed an increase in the number of complaints about regulated firms, with more than four million complaints during the first half of 2018.
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Monday, 22 October 2018 13:06
Lisa Webster: Lifetime allowance changes explained
With September’s CPI figures now being released we know what next year’s Lifetime Allowance (LTA) will be - £1,054,800. Whilst hardly a dizzying increase we are at least crawling in the right direction after years of being pegged back. I get a few surprised looks when I remind people that the original version of Finance Act 2004 included a clause that the standard lifetime allowance could only increase.
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Friday, 19 October 2018 12:06
Experts welcome joint FCA/TPR regulatory pensions strategy
The launch, by the FCA and The Pensions Regulator yesterday, of a joint regulatory strategy aimed at taking action to deliver better outcomes for pension consumers has been backed by the profession.
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Thursday, 18 October 2018 09:33
Pension trustees fined for failing to invest £1.4m promptly
Four trustees of a master trust, who failed to promptly invest members’ savings for three years, affecting 9,081 members and contributions of £1.4 million, have been fined by The Pensions Regulator (TPR).
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Wednesday, 17 October 2018 12:07
Chancellor pledges to 'unlock untapped firepower' of pensions
Chancellor of the Exchequer Philip Hammond promised to ‘unlock’ the “untapped firepower of defined contribution pension schemes.”
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