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.
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.
Devolution is adding new layers of complexity to pensions, creating confusion, questions and cost.
Recently, HMRC released papers that reference 'relief at source' and the 'Scottish rate of income tax'. Both interrelated with each other, we explore the changes and the six Scottish tiers of income tax.
James Jones-Tinsley, reviews the state of the UK Self-Invested Personal Pension (SIPP) Marketplace and explains five of the hottest issues in 2017 that we, as a leading SIPP provider, have witnessed over the last twelve months..
In August 2017, HM Treasury and the Department for Work & Pensions finally released their response to the ‘Pension Scams’ consultation. In our latest blog, James Jones-Tinsley delves deeper.