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Displaying items by tag: pensions

Wednesday, 15 October 2014 12:30

Auto-enrolment earnings trigger may be frozen

The link between the auto enrolment earnings trigger and income tax could be axed next year.

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Turning pensions into something beginning to resemble bank accounts is "dangerous and misleading", according to a pensions firm, following more reforms announced by the Government.

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The job of advisers will be to "protect people from themselves" in the new era of pensions being ushered in from April, Partnership's chief executive says.

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Friday, 10 October 2014 12:53

Retirement age plans are "flawed"

Government plans to raise the retirement age by up to six months per year are "flawed" but should be a "wake up call," says the head of a global financial advisory organisation.

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Analysis of the latest mortality data has shown how limited the impact of scrapping the pensions death tax will be, according to a Sipp provider.

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Retirees in parts of England face being £120 or more short of what they need every week, a report has found, with residents in Greater London, the south west and east of England most unprepared financially for life after work.

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A complaint about a pension firm's failings, which began when a transfer to a Sipp was made, has been upheld by the Pensions Ombudsman.

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Monday, 29 September 2014 12:00

Sipp firms back scrapping of 'pernicious' death tax

Two Sipps firms have strongly backed the move to consign the 'death tax' on pensions to the rubbish bin today, with one director saying it reaffirms the rebirth of the system.

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Friday, 26 September 2014 12:16

Advisory firm blasts Government over 'guidance tax'

A Financial Planning firm has hit out at the costs facing advisers to fund the new retirement service pledged by the Government in the Budget, labelling it the 'guidance tax'.

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Ignorance among hundreds of thousands of small businesses about auto-enrolment dates is high, research has found, sparking a warning that companies face hefty fines if they fail to get clued up soon.

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