Popular News
-
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.
-
Govt to launch small pension pot consolidator
The Government is to create a small pensions pot consolidator as part of its Pension Schemes Bill.
-
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.
-
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.
-
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.
-
Pension transfer value falls to record low
Defined benefit pension value has fallen to its lowest rate since the XPS Group’s Transfer Watch was established in 2018.
Latest Blog
-
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.
-
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.
-
James Jones-Tinsley: Aiming for an advice-guidance sweetspot
As Nikhil Rathi is reappointed as CEO of the Financial Conduct Authority (FCA) for another five years, the FCA has set out its strategic direction for 2025/26, with important implications for financial advisers.
-
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.
-
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.
A study has shown a significant decline in workplace pension participation among private sector workers on low pay in the last 10 years, although auto-enrolment appears to be improving the situation.
All 300 tickets for AJ Bell's annual 'Investival' Investment Conference at London's Millbank Tower on 20 November have already been snapped up by advisers.
The job of advisers will be to "protect people from themselves" in the new era of pensions being ushered in from April, Partnership's chief executive says.
Government plans to raise the retirement age by up to six months per year are "flawed" but should be a "wake up call," says the head of a global financial advisory organisation.
A tax specialist in northern England has reported a surge in enquiries from business owners and financial advisers keen to explore pension-led funding.
Analysis of the latest mortality data has shown how limited the impact of scrapping the pensions death tax will be, according to a Sipp provider.