Comment and Blogs
It has been a tough couple of weeks for the SIPP industry.
Read more: MacGillivray blog: Fear that ruling will set precedent
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.
Read more: Morrison Blog: Doubtful if new Capital Adequacy rules are progress
In this brave new world of pension freedoms, people will have far more choice regarding what they want to do with their pension funds.
Read more: Morrison Blog: Questions over choice and freedom in pensions
In May 2014, Steve Webb, addressing the Treasury Select Committee, indicated that the Guidance Guarantee "would be fairly basic ... fairly rudimentary ... fairly general ... but enough to get people to the starting gate".
As is often the case, come springtime I was asked whether there would be any changes in the upcoming 2014 budget. I thought about it, taking into consideration where we were with pension reform and with a General Election on the horizon, and I categorically said "No – too near to the Election." The rest is history!
Read more: Morrison Blog: Blowing the pensions credit card in the casino
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.
Read more: Andrew Roberts' Blog: Another short-lived pension rule unhelpful