Comment and Blogs
Before you think you are reading an old article, I am of course referring to the start of the new tax year.
The Financial Conduct Authority (FCA) is concerned about how pension freedoms are impacting consumers and quite rightly so, especially with regards to those accessing their retirement savings and not taking advice, putting them at risk of running out of money, or worse, being scammed.
There has been unprecedented change in the pensions industry in recent years and SIPPs have been no exception.
Read more: Elaine Turtle: The rise of single investment SIPPs
2018 has been a quiet year in the world of pensions - no seismic changes or hacking of allowances makes for welcome relief.
It was good to see the Guidance Consultation from the FCA on the fair treatment of vulnerable clients that has recently been published.
Read more: Elaine Turtle: Vulnerable clients need protection
It’s the time of year when all good advisers will be talking to their clients about making the most of any unused allowances, and this will often include using the annual allowance (AA) for pension contributions. But are there times when the advice should actually be NOT to use it?