Comment and Blogs
The retirement outcomes review continues to cause fun and games in the world of pensions. Particularly for those with more complex pension products.
I spent several hours one morning this week poring over my old G60 manual to help work out some ‘scheme specific protected tax-free cash’ calculations in respect of some pre-2006 occupational pension scheme benefits for an adviser.
The beginning of February saw the FCA issue a discussion paper DP18/1: Effective competition in non-workplace pensions. Within the discussion paper, the FCA estimates that non-workplace pensions amount to around £400bn in AUM, double the amount invested in DC pensions schemes.
Protecting consumers from unscrupulous scammers and conmen has been a priority for the financial services industry for some time.
The end of the tax year is traditionally a really busy time for adviser and SIPP providers.
You could be forgiven for thinking that it was Groundhog Day again.