Comment and Blogs
It was announced on 16 December that Rachel Reeves was pressing pause on the second stage of the pensions review, a review that was expected to contain the long-awaited extension of auto-enrolment and measures to help the self-employed save for retirement.
Read more: Martin Tilley: Auto-enrolment reforms need momentum
In late December, Prime Minister Sir Keir Starmer tasked 10 regulators with removing ‘barriers to growth’ in order to attach the jump leads to the UK economy. On 16 January, the FCA wrote a letter to the Government to outline their plans to support the growth agenda.
Read more: Martin Tilley: FCA must grapple growth v regulation question
The dark reality of pension scams is that we don’t really know how common they are. Fraud is a crime which tends to have low reporting events and with pension scams, it’s no different. The emotional toll can be as large as the financial, with some people being too embarrassed to report that they have been the victim of a scam.
Read more: Martin Tilley: How education can tackle pension scams
• In his latest article, Martin Tilley looks at the decision-making process and the need for documentation as it applies to Small Self-Administered Schemes.
Age 75 has been an important milestone in pension rules since A day in 2006. It was the latest age at which a compulsory annuity purchase was required (prior to Pensions Freedoms). It's arguably it’s long been an arbitrary line in the sand, noting that life expectancy has been on the increase for the last 20 years, but this trigger age has remained unchanged.
Read more: Tilley: Is the age 75 trigger date now irrelevant?
In his latest article, SSAS and SIPP expert Martin Tilley looks at why SSASs are so unloved by some advisers...