Comment & Blogs
It has been a tough couple of weeks for the SIPP industry.
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The best part of two years is a long time to wait for the result of a consultation, and you would expect to see some progress after that sort of delay.
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The government has advanced its pension thinking this month with the enactment of The Finance Act 2014, guidance on allowing new retirees access to next year's pension freedoms and its response to the consultation on those freedoms.
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I don't know about you but I'm becoming rather disillusioned with the SIPP market and the bad news stories that seem to be more regular and more alarming.
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There is much written about why individuals need to be incentivised to save for retirement and the importance of tax relief on contributions in achieving that goal.
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Is it time to alter the requirement for all SSAS members to be trustees in order to be exempt from the Maxwellian protections of Pensions Act 1995?
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The Chancellor's Budget statement on pensions was unexpected and has been described as one of the most radical changes for many years.
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Sipps Pro is delighted to welcome Neil MacGillivray, chairman of the Association of Member-directed Pension Schemes, as our latest blogger.
Mr MacGillivray, also head of technical support at James Hay Partnership, will regularly be writing for the website and in his first article below, he explores the latest on pension liberation.
Mr MacGillivray, also head of technical support at James Hay Partnership, will regularly be writing for the website and in his first article below, he explores the latest on pension liberation.
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Over the last few weeks I have been lucky enough to do a number of sessions addressing financial advisers, either at their team meetings or under the guise of the IFP, PFS or IOFS. The hot topic? Without question the proposed Budget changes and the opportunities and possible pitfalls that the new regime might hold.
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On Wednesday 21 May, Chris Jones of Suffolk Life will take to the stage at the Annual AMPS conference to give an update on the Sipp market.
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