Since its introduction, the LTA has effectively capped the amount of tax-relievable savings that individuals can build up in registered pension arrangements. We look at the lessons to be learnt and the way you can avoid losing a protected pensions allowance.
The FCA’s Consultation Paper of January 2019 sets out their second proposed package of ‘remedies’ arising from their Retirement Outcomes Review. To what extent have they made up their mind and why is the Paper virtually silent on seeking advice?
The FCA outlines the changes pension providers need to apply to literature and processes, aiming to improve consumer engagement with their pension income decisions, as well as making the cost of drawdown products clearer and product comparisons easier.
A recent Briefing Note from the Pensions Policy Institute (PPI) explored the difficulty in estimating the number and total value of ‘lost’ pensions in the United Kingdom
Two years on from the government’s announcement that it intended to ban pensions cold-calling in order to end the appropriation of millions of pounds of people’s pension funds by scammers, the regulations introducing the ban have finally been approved by Parliament, and took effect from 9 January 2019.
Tucked away in the 2018 Autumn Budget, you’d be forgiven for missing the relatively unnoticed amendment to probate fees. We’ve covered the most pressing matters for clients on the treatment of pension death benefits.
In June, the FCA published their “Retirement Outcomes Review – Final Report”, which followed from the Interim Report they issued last year. Their Report was accompanied by a Consultation Paper, entitled “Proposed changes to our rules and guidance”.
HM Treasury’s Open Consultation on Pension Scams was published on 5 December 2016. Amongst other things, it proposed that all cold-calls to consumers regarding pensions should be banned; potentially including e-mails and texts.
Three years on from the start of pension freedoms, there are still concerns being raised about the workings of the system and what the implications might be for consumers over the longer term. Malcolm McLean explores if these concerns really justified.