Story by: Sharon Flaherty, FTAdviser
The government has done a u-turn on anti-forestalling measures which will see averaging accepted as a means of estimating self-employed contributions.
Independent policy adviser Dr Ros Altmann has been quick to welcome Lord Adair Turner's admission that his previous pension proposals were not radical enough.
Lord Adair Turner has stepped forward to claim the state pension age should be raised to 70, saying his previous pension proposals, which helped shape the government’s pension policy, were not radical enough.
HM Revenue & Customs (HMRC) has extended its concessions to in-specie transfers to make it easier for people to review borrowing arrangements within Sipp and Ssas schemes.
Living Time’s Offer More Options campaign has come on leaps and bounds in the last few months with a 1000 IFAs backing it.
The Treasury has been slammed for failing to allow the industry time to consult on its Budget proposals, which will essentially see self-employed higher rate taxpayers hit by anti-forestalling measures, that are now set to go ahead despite huge opposition.
A new Sipp and Ssas provider promises to take on more established rivals by offering full investment flexibility at one of the lowest prices in the market.
Legal & General has extended its 'annuity solutions' service to offer enhanced annuities direct to consumers.
The number of pension complaints made to the Pensions Advisory Service (TPAS) increased by 10 per cent over the last year, largely due to poor administration by providers.
Capita Self Invested (Personal) Pensions (CSIPS) has announced that 520 staff are at risk of redundancy, with a consultation due to take place on 15 July.
Living Time’s Offer More Options campaign has come on leaps and bounds in the last few months with a 1000 IFAs backing it.
Advertising
It is impossible to judge whether annuitants are getting a fair deal, says Harry Carnell. What we need is more transparency
It has been two decades since the SIPP was created. Mike Morrison, head of pensions development at AXA Winterthur Wealth Management, looks at their creation and how they have evolved
Location: Nationwide
Salary: £70,000 +++
Location: (CITY AND HOME COUNTIES)
Salary: Employed or Self Employed
Location: Glossop
Salary: To £40,000 + Bonus + Benefits