Bookmark Us
Claire Trott

I spent several hours one morning this week poring over my old G60 manual to help work out some ‘scheme specific protected tax-free cash’ calculations in respect of some pre-2006 occupational pension scheme benefits for an adviser.

The retirement outcomes review continues to cause fun and games in the world of pensions. Particularly for those with more complex pension products.

As the Chair of AMPS, I dread the day that the Financial Ombudsman Service complaints data is published.

The Association of Member-Directed Pension Schemes (AMPS), the industry body representing SIPP operators and SSAS practitioners, has today revealed Claire Trott of St James’s Place Group has been appointed as its new chairman.

There isn’t anything wrong with a defined benefit transfer for the right person at the right time for the right reasons, but it is a complex decision. So rightly, I believe, there is the advice requirement but this can cause issues for those that can’t afford to pay for advice.

We are coming up to 12 years since the introduction of pension simplification and although it seemed at the time not to solve or simplify much I would go back to that day in a heartbeat.
I can’t help but feel a bit cheated when I am sat in the office on Budget day waiting for some surprise pensions announcement by the Chancellor and there is not only no surprise, but the word pension is only mentioned twice in the whole speech.

One thing that makes my blood boil is the blame SIPPs get every time there is a release of information on complaints.
It’s that time of year again when pension savings statements are being issued. They should have been issued by 6 October following the end of the relevant tax year, so will be sent out about now for the 2016/17 tax year.

Pension scams come in many guises and cold calling is just one unwelcome activity that can easily target the vulnerable and lonely. 

Page 1 of 4

News from Twitter