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News - Pensions
23 Jan 2014 Savers Advised To Make Arrangements To Avoid 55% Tax As Lifetime Allowance Introduction Nears

The introduction of a cap on lifetime allowance at £1.25 million is due on 6 April, so pension savers with pension pots over that amount have been advised to arrange matters in such a way as to avoid paying a tax charge of 55% for sums above £1.25 million. Currently the maximum lifetime allow...

04 Dec 2013 FCA To Finalise Proposal On SIPP Capital Adequacy Requirements Next Year

The Financial Conduct Authority (FCA) is still not ready to present its proposal on increasing capital adequacy requirements for self-invested personal pensions (SIPPs), delaying its suggestion for the second time this year. In November 2012, the FCA published plans to increase the mini...

18 Sep 2013 DWR: High Earners Need To Save More For Decent Retirement Income

Pensions have been a hot topic in the UK for months now. Yet despite the amount of attention given to the matter recently, many people are still unaware that they have to do more in order to maximise their retirement income. Recent analysis of pension reforms introduced by the governmen...

21 Aug 2013 How To Bolster Your Retirement Income

Many people know that securing a decent income in retirement takes a long time. Some of those approaching retirement age feel anxious about not having saved enough. There are various ways of becoming a DIY investor, without having to devote a lot of time and effort to the task. There ar...

24 Jul 2013 Stakeholder Pension Or SIPP?

For people planning their own retirement income, there are numerous possibilities to choose from and the decision is not always an easy one. This Is Money website compiled the key features of Self Invested Personal Pensions (SIPPs) and compared them to stakeholder pensions, in an attempt to hel...

03 Jul 2013 Still Not Saving For Retirement At 40? Act Now

UK workers in their 40s who have not yet started saving up for a pension should start considering their retirement options. Most people in this age group will have got on top of their debts by then and will have reached the peak of their income, so this decade is the perfect time to start savin...

19 Jun 2013 More Britons Opt For Sipps As Saving Option

Taking care of their own saving plans and starting a self-managed pension is becoming a more popular option amongst UK residents. Figures quoted by the Daily Telegraph show that the number of workers saving into self-managed pensions increased by 43% over the past two years. The most co...

29 May 2013 FCA Urged To Raise SIPPs Capital Threshold

The Financial Conduct Authority (FCA) should increase the proposed threshold for self-invested personal pensions (Sipp) from a minimum of £20,000, as currently planned, to £50,000, the Association of Member-Directed Pension Schemes (AMPS) said, as quoted by the Financial Times Adviser.

08 May 2013 FCA Considers Rebate Ban On Sipps And Other Markets

The Financial Conduct Authority (FCA) is going to hold a consultation on extending the ban on platform fund rebates to Sipps, life companies and discretionary fund managers, the FT Adviser reported. The authority published a policy statement last week, in which it laid out its plans to ...

24 Apr 2013 Consolidation Of Pension Investments Can Improve Performance

When making plans for pension investments people should consider two main things - consolidation and diversification, but they should be carefully evaluated, according to City A.M. Pensions are certainly the most tax-efficient way to save up for later life and in an attempt to deal with...

17 Apr 2013 Sipp Operators Face Reforms In 2013

The recent introduction of the Financial Conduct Authority has led to a dramatic overhaul in the UK´s financial services industry. Self-invested personal pensions are no exception to this and over the next few months, they are set to go through a number of changes. One of the most...

27 Mar 2013 Government May Allow SIPPs To Hold Residential Property

The UK government plans to simplify rules related to assets held in self-invested personal pensions (SIPPs) and may soon allow the conversion of unused commercial properties for residential use by pension investors in their funds should Budget proposals be given the go-ahead. At present...

20 Mar 2013 SIPP Market Grows 35% Since 2006

The self-invested personal pensions (SIPPs) market has expanded by 35% since the scheme´s rollout in 2006 and 200,000 new SIPPs are sold each year after the introduction of the new pension rules that came into force on “A-Day,” according to MoretoSIPPS´ head John Moret. ...

27 Feb 2013 Majority Of UK Landlords View Their Rental Income As Supplementary To Pension

Many landlords in the UK are likely to use their property investments as retirement income, property news portal PropertyWire reported citing new research. The vast majority (84%) of single property and portfolio landlords participating in the recent BM Solutions/BDRC Continental survey...

14 Jan 2013 UK Government To Introduce Flat-Rate State Pension In 2017

The UK government is gearing up for the introduction of a flat rate state pension starting from 2017 in a move described by experts as a means to ensure a “simple, clear and understandable” scheme for pensioners going forward, the Financial Times reported. Under the mechanism, which...

02 Jan 2013 Some 75% Of Small Businesses Without Pension Scheme

Some 75% of small firms in the UK do not run a pension scheme, a survey by the Association of Consulting Actuaries (ACA) showed yesterday. Only 25% of small businesses provide a pension provision, compared with one third two years earlier. In addition, combined employer and employee pen...

28 Nov 2012 FSA Plans Increase In Capital Requirements For SIPP Operators To Protect Investors

The Financial Services Authority (FSA) late last week released proposals for an increase in the capital requirements for Self Invested Personal Pension (SIPP) operators in a bid to protect investors in the event of a wind-down. The regulator plans to raise the absolute minimum capital r...

24 Oct 2012 Investors At Risk As FSA Finds Non-Compliant SIPP Operators

Self invested personal pensions (SIPPs) pose a significantly higher risk for clients due to poor compliance with regulatory requirements among operators, according to the latest SIPP operators thematic report released by the Financial Services Authority (FSA) on Tuesday. Regulatory comp...

28 Jun 2012 UK Mid-Market Pension Schemes Show

During the coming one to three years, a significant increase is expected in the number of medium-sized pension schemes in the UK that shift their focus towards Liability Driven Investment (LDI) strategies and away from investment in stocks

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