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Displaying items by tag: Retirement Outcomes Review

Monday, 11 March 2019 10:27

Elaine Turtle: SIPPs 30 years on…

It doesn't seem possible that it is 30 years since the then Chancellor of the Exchequer, Nigel Lawson, stood to deliver his Budget on 14 March 1989. The immortal words ‘I propose to make it easier for people in personal pension schemes to manage their own investments’ led to what is now the self invested pensions (SIPP).
Published in Comment and Blogs
Friday, 15 February 2019 10:32

Elaine Turtle: Retirement Outcomes Review

We recently saw the Financial Conduct Authority (FCA) issue a policy statement in response to the consultation it carried out in June 2018 on retirement outcomes. As part of the consultation exercise, the FCA engaged with SIPP providers and the industry body AMPS, among others.
Published in Comment and Blogs
Wednesday, 10 October 2018 14:12

Elaine Turtle: FCA DB scrutiny hits SIPP market

There has been a flurry of corporate results in the last few months from SIPP providers that have shown an increase in revenue due to the increase in SIPPs being set up due to the large number of DB transfers to SIPPs.
Published in Comment and Blogs
The FCA recently published its final report on the Retirement Outcomes Review which has some interesting ideas to improve the experience of non-advised consumers, but some of the areas could cause difficulties for the SIPP sector.
Published in Comment and Blogs
Work and Pensions Committee MPs have backed the FCA’s Retirement Outcomes Review but warned that progress on reform was “glacially slow.”
Published in Articles
Thursday, 28 June 2018 09:59

FCA may force cap on pension drawdown charges

The Financial Conduct Authority may introduce a cap on drawdown charges as it announces a package of measures to trackle potential 'harm' from the Pension Freedoms. 
Published in Articles