Popular News
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SIPP contributions over annual allowance leap 34%
The number of savers making contributions over the annual allowance of £60,000 surged 34% in the last tax year, according to new data.
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Govt to launch small pension pot consolidator
The Government is to create a small pensions pot consolidator as part of its Pension Schemes Bill.
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InvestAcc revenue up 16.3% after SIPP acquisitions
SIPP and SSAS provider InvestAcc said revenues increased 16.3% to £10.5m in the six months to the end of December 2024, up from £9m in the same period in 2023.
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Martin Tilley: Why SSAS regulation is needed
As you may know, I am a staunch believer that there should be some form of regulation introduced in respect of SSAS – my preference would be for all SSASs to require a professional trustee to ensure that the governance, understanding and administration of each SSAS is undertaken correctly ensuring legal compliance and offering the best platform for savers to succeed in their financial goals.
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AJ Bell reports advised customer numbers up 7%
Total advised customers for investment and SIPP platform AJ Bell rose 7% year-on-year to 177,000 in the first quarter.
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Retirees should be asked about gambling habits
A new call has come for financial services firms to collaborate and establish industry practices to address concerns around customers who have been impacted by gambling.
Latest Blog
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Lisa Webster: Over-taxation of pensions remains an issue
HMRC’s January pension schemes newsletter announced changes to tax codes for pensions, and a few headlines followed proclaiming HMRC had finally fixed the over-taxation issue. It would be fantastic if that was the case, but despite nearly 10 years of getting it wrong, the problem isn’t resolved yet.
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Martin Tilley: FCA must grapple growth v regulation question
In late December, Prime Minister Sir Keir Starmer tasked 10 regulators with removing ‘barriers to growth’ in order to attach the jump leads to the UK economy. On 16 January, the FCA wrote a letter to the Government to outline their plans to support the growth agenda.
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Lisa Webster: Death benefit dilemmas
As you will be well aware, from 6 April 2027 HMRC plan to include pensions in the deceased’s estate when it comes to assessing the value for inheritance tax.
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Martin Tilley: How education can tackle pension scams
The dark reality of pension scams is that we don’t really know how common they are. Fraud is a crime which tends to have low reporting events and with pension scams, it’s no different. The emotional toll can be as large as the financial, with some people being too embarrassed to report that they have been the victim of a scam.
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Lisa Webster: Divorce impact on lump sums raises question
The lifetime allowance may have been consigned to the annals of history but the various forms of protection are still relevant in the new world, especially when it comes to the amount of pension commencement lump sum (PCLS) that can be taken.
Total advised customers for investment and SIPP platform AJ Bell rose 7% year-on-year to 177,000 in the first quarter.
SIPP and SSAS provider InvestAcc said revenues increased 16.3% to £10.5m in the six months to the end of December 2024, up from £9m in the same period in 2023.
The Government is to create a small pensions pot consolidator as part of its Pension Schemes Bill.
The number of savers making contributions over the annual allowance of £60,000 surged 34% in the last tax year, according to new data.
A new call has come for financial services firms to collaborate and establish industry practices to address concerns around customers who have been impacted by gambling.
The FSCS declared five regulated firms in default in February and March, well down on the 12 firms in default in the same period last year, however one of the firms facing the biggest compensation bills - Alexander David Securities Ltd - was linked to SIPPs.