Concessions extended to in-specie transfers
Story by: Sharon Flaherty, FTAdviser
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.
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.
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.
The FSA is carrying out a review of 70 small Sipp providers, to see if they are adhering to its principles and rules and to identify any areas requiring the regulator’s “attention or intervention”.
A scheme pension illustration service is being offered as part of Rowanmoor Pensions offering of pre-sales documentation.
Eleven people, including some IFAs, have been arrested following raids in the North West and Midlands, linked to a £2.5m suspected tax relief fraud involving bogus pension schemes.
A class action case against HMRC is being sought to challenge taxation laws that currently see a portion of Sipp customers lose as much as 82 per cent of the value of the fund.
The Financial Services Authority (FSA) is in the midst of conducting a review of around 70 Sipp providers, to assess whether they are "adhering" to its principles and rules.
The government's decision to stick by its tax rules for alternatively secured pensions is indefensible, according to self-invested personal pension provider AJ Bell.
Pension providers are pushing clients seeking income drawdown to go into self-invested personal pensions (Sipps) in a bid to bolster sales and profits, according to an IFA.
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
Advertising
Tony Moore, head of retirement development at AXA Winterthur, talks about the company’s new generation of SIPP offering; Family Suntrust.
Advisers without G60 certification told they cannot conduct execution only business.
Location: Nationwide
Salary: £70,000 +++
Location: (CITY AND HOME COUNTIES)
Salary: Employed or Self Employed
Location: Glossop
Salary: To £40,000 + Bonus + Benefits