Popular News
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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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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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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.
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TPR expects DB schemes to switch to ‘endgame planning’
The Pensions Regulator (TPR) said it expects DB schemes to switch their focus to ‘endgame planning’ from deficit recovery.
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Annuity misconceptions remain despite rise in sales
Almost half, 48%, of over-50s are unfamiliar with what lifetime annuities are and how they compare to other annuity products.
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FCA delays SDR for portfolio managers
The Financial Conduct Authority (FCA) has delayed its plans to apply sustainability disclosure requirements (SDR) to portfolio managers.
Latest Blog
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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.
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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: 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: 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.
Laura Trott MP has become the new Pensions Minister, the Department for Work and Pensions announced today.
The FCA intervened on a record 4,151 financial promotions between July and September this year, the highest quarterly number since it started publishing the data.
The Bank of England today increased its base rate by 75 basis points from 2.25% to 3%, one of the biggest increases seen for 30 years.
One in four adults have stopped or are planning to stop contributing to their workplace pensions in order to keep up with rising living costs, a new study has found.
Three quarters of consumers have no idea what pension acronyms such as SIPP or ESG mean, according to a new study.
Two thirds of advisers say that up to 50% of their business is now from clients in pension drawdown, according to a new survey.