Starting a pension for a child is a very long-term investment, and probably one only considered by high net worth individuals who have used every available tax wrapper to the max. Given the most that can be paid in for someone with no earnings is £3,600 gross a year, it’s important that any pension started is low-cost or the tax benefits can quickly be wiped out.
Over half of technical queries received by SIPP operator Curtis Banks over the past month have concerned the subject of death benefits.
Recent developments in the Brexit saga and an inevitable snap general election led the Government to put the Sajid Javid’s Autumn Budget on hold last week to focus on getting Brexit done.
I joined the industry at the start of 2005, when A-day was approaching and a whole new world of simplified pensions was on the horizon.
The FCA has started proceedings against Park First Limited, its senior managers, including its chief executive officer and a number of other companies connected to the Park First group.
The Embark Group has appointed of Lawrence Churchill CBE as its newest member of the company’s board of directors.
The Pensions Regulator (TPR) has approved the Carey Workplace Pension Trust as an approved Master Trust for the continuing acceptance of auto-enrolment contributions from the UK market.
The Financial Services Compensation Scheme (FSCS) is now open to claims against Berkeley Burke SIPP Administration Limited (BBSAL).
AJ Bell has launched a retirement income solution to help financial advisers manage clients taking income in retirement.
As everyone makes their way back to work following a glorious, if politically fuelled summer, it feels that the push has started towards the end of the year.