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A Financial Planning firm director fears genuine entrepreneurial investors maybe put off from using flexible pensions such as SSAS, following signals of a scam crackdown.
‘Another one bites the dust!’ A tenuous way to start an article I know, but it is in response to the news that another insurance company has decided not to continue in the annuity market (LV=).
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A consultation looking at a new law to ban pension cold calls has been announced by the Government this afternoon.
A new law to ban pension cold calls must be prevented from having a “chink in the armour” by failing to include investments, an adviser heading the campaign says.
During the summer, HMRC unexpectedly began challenging Sipp providers on whether net pension contributions can be made in specie, (that is, a change of legal ownership without sell/buy transactions).
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