Seven out of 10 surgeons cut hours due to pensions tax trap
There have been further calls for a simplification of current pension tax rules, after a survey revealed almost seven out of 10 surgeons have cut their hours to avoid being hit with...
DB
DB transfers: personal versus group
The planned ban on contingent charging for pension transfers is due to come into force early next year yet the FCA has other significant measures up its regulatory sleeve. Six months after the...
Pensions bill included in Queen’s Speech
A Pensions Schemes Bill has been included in the Queen’s Speech today, which lays out the legislative plans for the forthcoming parliamentary session. This bill includes legislation to enable the pensions dashboard...
Employer support for AE rise and DB simplification: ACA
The Association of Consulting Actuaries (ACA) has renewed calls for the forthcoming pension bill to enable a rise to AE contributions, DB pensions to be simplified and for legislation to be included...
CA Summit: ‘Decent’ advisers giving poor DB transfer advice
Delegates at the Corporate Adviser summit were warned that the FCA could conduct a widespread pensions mis-selling review, unless there are significant improvements to the advice given on DB transfers. This stark...
Baroness Altmann: The tapered annual allowance needs emergency surgery
The tapered annual allowance pension rules are a classic example of bad policy design. The rules are far too complicated, impossible to predict properly and have damaging side-effects which undermine the aims...
DC default funds ‘lagging’ on ESG policies: survey
More than one in four pension trustees and managers said a lack of products made it difficult to implement investment policies which take account of environmental, social and governance (ESG) factor, according...
DB transfers: should advisers stay or go?
The fierce debate about the issues of pension transfers from defined benefit schemes shows no sign of abating. There is general agreement that problems emerged in the wake of the pension freedoms, launched...
LEBC agrees with FCA to stop DB transfer advice
LEBC Group has agreed with the FCA to stop advising on transfers out of defined benefit schemes, raising questions over adviser capacity to implement transfer exercises. A statement from LEBC says it...
DB transfer values reach new high
Defined benefit transfer values reached a record high in August, and are now 10 per cent higher than a year ago, according to the latest figures from XPS Transfer Watch. With the...
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