Professional Adviser www.professionaladviser.com What next for the income drawdown 'class of 2015'? <img alt="What next for the income drawdown &#39;class of 2015&#39;?" src="https://www.professionaladviser.com/api/v1/wps/79e4e87/c635a0a5-2038-40c2-b20e-90f2c1b6a763/7/Stephen-Lowe-PS-200116-185x114.jpg" /> <p><!--summary start--> How should the income drawdown ‘class of 2015’ be thinking about the next stage of retirement? Stephen Lowe looks at the issues… <!--summary end--></p> https://www.professionaladviser.com/api/v1/wps/79e4e87/c635a0a5-2038-40c2-b20e-90f2c1b6a763/7/Stephen-Lowe-PS-200116-185x114.jpg https://www.professionaladviser.com/opinion/4189714/income-drawdown-class-2015 https://www.professionaladviser.com/opinion/4189714/income-drawdown-class-2015 https://www.professionaladviser.com/opinion/4189714/income-drawdown-class-2015 Thu, 28 Mar 2024 07:15:03 +0000 British Steel a stark reminder of obligations around client files <img alt="British Steel a stark reminder of obligations around client files" src="https://www.professionaladviser.com/api/v1/wps/1624f52/e026fb6d-c122-473d-8d3b-4e4b1d200a61/7/iStock-853303216-1-185x114.jpg" /> <p><!--summary start--> The lack of adviser documenting uncovered in the National Audit Office (NAO) investigations around the British Steel saga has made it even more critical for advisers to keep detailed files, a lawyer warns. <!--summary end--></p> https://www.professionaladviser.com/api/v1/wps/1624f52/e026fb6d-c122-473d-8d3b-4e4b1d200a61/7/iStock-853303216-1-185x114.jpg https://www.professionaladviser.com/news/4190325/british-steel-stark-reminder-obligations-client-files https://www.professionaladviser.com/news/4190325/british-steel-stark-reminder-obligations-client-files https://www.professionaladviser.com/news/4190325/british-steel-stark-reminder-obligations-client-files Wed, 27 Mar 2024 12:14:43 +0000 Advisers turn to smoothed funds to help manage volatility threat <img alt="Advisers turn to smoothed funds to help manage volatility threat" src="https://www.professionaladviser.com/api/v1/wps/2d490f6/764f6a8a-6765-4a42-b3b4-d2a3a4094733/0/iStock-1485933260-1-185x114.jpg" /> <p><!--summary start--> Starting or increasing client investments in a ‘smoothed’ fund is the main strategy advisers will deploy to help clients management the threat of market volatility, Wesleyan has found. <!--summary end--></p> https://www.professionaladviser.com/api/v1/wps/2d490f6/764f6a8a-6765-4a42-b3b4-d2a3a4094733/0/iStock-1485933260-1-185x114.jpg https://www.professionaladviser.com/news/4189825/advisers-turn-smoothed-funds-help-manage-volatility-threat https://www.professionaladviser.com/news/4189825/advisers-turn-smoothed-funds-help-manage-volatility-threat https://www.professionaladviser.com/news/4189825/advisers-turn-smoothed-funds-help-manage-volatility-threat Tue, 26 Mar 2024 12:23:06 +0000 Advisers warn market volatility will threaten retirement plans <img alt="Advisers warn market volatility will threaten retirement plans" src="https://www.professionaladviser.com/api/v1/wps/eff83c6/a7267cd2-d4ca-4f8c-b284-b38488b67b57/2/iStock-184924623-185x114.jpg" /> <p><!--summary start--> Market volatility driven by economic and political uncertainty is set to threaten most clients’ investments and retirement plans over the next 12 months, according to Wesleyan. <!--summary end--></p> https://www.professionaladviser.com/api/v1/wps/eff83c6/a7267cd2-d4ca-4f8c-b284-b38488b67b57/2/iStock-184924623-185x114.jpg https://www.professionaladviser.com/news/4189814/advisers-warn-market-volatility-threaten-retirement-plans https://www.professionaladviser.com/news/4189814/advisers-warn-market-volatility-threaten-retirement-plans https://www.professionaladviser.com/news/4189814/advisers-warn-market-volatility-threaten-retirement-plans Tue, 26 Mar 2024 12:09:03 +0000 SSAS and the general levy: A victory for common sense <img alt="SSAS and the general levy: A victory for common sense" src="https://www.professionaladviser.com/api/v1/wps/c352616/79bd2006-8c42-4491-af46-d0577c33e1cd/4/Caitlin-Southall-Headshot-185x114.png" /> <p><!--summary start--> Common sense has prevailed in the pension scheme general levy SSAS debate, writes Caitlin Southall. Here she explores the value of the small but flexible arrangements... <!--summary end--></p> https://www.professionaladviser.com/api/v1/wps/c352616/79bd2006-8c42-4491-af46-d0577c33e1cd/4/Caitlin-Southall-Headshot-185x114.png https://www.professionaladviser.com/opinion/4188259/ssas-levy-victory-common-sense https://www.professionaladviser.com/opinion/4188259/ssas-levy-victory-common-sense https://www.professionaladviser.com/opinion/4188259/ssas-levy-victory-common-sense Tue, 26 Mar 2024 07:47:34 +0000 Pension dashboard operators join forces to push project forward <img alt="Pension dashboard operators join forces to push project forward" src="https://www.professionaladviser.com/api/v1/wps/73faa0c/e6ee57b1-4f49-4d64-9dd0-2e3e100cc81c/3/iStock-1465173464-185x114.jpg" /> <p><!--summary start--> Legal & General (L&G), Just Group, Moneyhub and Standard Life are the initial members of the freshly launched Dashboard Operators Coalition (DOC) which aims foster collaboration on the delivery of the pensions dashboard project. <!--summary end--></p> https://www.professionaladviser.com/api/v1/wps/73faa0c/e6ee57b1-4f49-4d64-9dd0-2e3e100cc81c/3/iStock-1465173464-185x114.jpg https://www.professionaladviser.com/news/4189239/pension-dashboard-operators-join-forces-push-project-forward https://www.professionaladviser.com/news/4189239/pension-dashboard-operators-join-forces-push-project-forward https://www.professionaladviser.com/news/4189239/pension-dashboard-operators-join-forces-push-project-forward Mon, 25 Mar 2024 11:23:11 +0000 Conservative manifesto to include state pension triple lock pledge <img alt="Conservative manifesto to include state pension triple lock pledge" src="https://www.professionaladviser.com/api/v1/wps/9d572b0/cf42c9ca-16ff-497f-9fc3-2367ee81ecbf/3/Hunt-walking-185x114.jpg" /> <p><!--summary start--> The state pension triple lock will be retained should the Conservatives win the next general election, the chancellor has confirmed. <!--summary end--></p> https://www.professionaladviser.com/api/v1/wps/9d572b0/cf42c9ca-16ff-497f-9fc3-2367ee81ecbf/3/Hunt-walking-185x114.jpg https://www.professionaladviser.com/news/4189230/conservative-manifesto-pension-triple-lock-pledge https://www.professionaladviser.com/news/4189230/conservative-manifesto-pension-triple-lock-pledge https://www.professionaladviser.com/news/4189230/conservative-manifesto-pension-triple-lock-pledge Mon, 25 Mar 2024 11:05:37 +0000 The clock is ticking: IFAs under time pressure as tax rules change <img alt="The clock is ticking: IFAs under time pressure as tax rules change" src="https://www.professionaladviser.com/api/v1/wps/79c92d1/dfe5cbb9-41f7-4043-9244-243a48dbcf95/3/iStock-692576860-185x114.jpg" /> <p><!--summary start--> Time pressure to implement pension and ISA reforms may impact consumer outcomes, writes Mark Rendle <!--summary end--></p> https://www.professionaladviser.com/api/v1/wps/79c92d1/dfe5cbb9-41f7-4043-9244-243a48dbcf95/3/iStock-692576860-185x114.jpg https://www.professionaladviser.com/opinion/4185097/clock-ticking-ifas-pressure-tax-rules-change https://www.professionaladviser.com/opinion/4185097/clock-ticking-ifas-pressure-tax-rules-change https://www.professionaladviser.com/opinion/4185097/clock-ticking-ifas-pressure-tax-rules-change Mon, 25 Mar 2024 07:54:32 +0000 Devilish details: Protection and the abolition of the LTA <img alt="Devilish details: Protection and the abolition of the LTA" src="https://www.professionaladviser.com/api/v1/wps/a82c9ee/1290f66b-14dc-4b2b-b66a-5057984dff63/12/Tom-Coughlan-185x114.jpg" /> <p><!--summary start--> The abolition of the LTA brought with it a raft of consequences for existing protections and as always, the devil is in the detail. Thomas Coughlan shares his insight on the hot topic... <!--summary end--></p> https://www.professionaladviser.com/api/v1/wps/a82c9ee/1290f66b-14dc-4b2b-b66a-5057984dff63/12/Tom-Coughlan-185x114.jpg https://www.professionaladviser.com/opinion/4184996/devilish-details-protection-abolition-lta https://www.professionaladviser.com/opinion/4184996/devilish-details-protection-abolition-lta https://www.professionaladviser.com/opinion/4184996/devilish-details-protection-abolition-lta Fri, 22 Mar 2024 07:20:21 +0000 L&G Retail launches adviser handbook on later life divorce <img alt="L&amp;G Retail launches adviser handbook on later life divorce" src="https://www.professionaladviser.com/api/v1/wps/6ee99b1/0454b07a-d312-49dd-9372-fcbe6db6fc96/2/Cecilia-Furner-185x114.jpg" /> <p><!--summary start--> Legal & General (L&G) Retail has launched an adviser handbook to help IFAs assist clients who are going through a divorce in later life. <!--summary end--></p> https://www.professionaladviser.com/api/v1/wps/6ee99b1/0454b07a-d312-49dd-9372-fcbe6db6fc96/2/Cecilia-Furner-185x114.jpg https://www.professionaladviser.com/news/4188122/retail-launches-adviser-handbook-life-divorce https://www.professionaladviser.com/news/4188122/retail-launches-adviser-handbook-life-divorce https://www.professionaladviser.com/news/4188122/retail-launches-adviser-handbook-life-divorce Thu, 21 Mar 2024 11:46:54 +0000 Retirement income advice: FCA finds 'mixed picture' among case files <img alt="Retirement income advice: FCA finds &#39;mixed picture&#39; among case files" src="https://www.professionaladviser.com/api/v1/wps/fc70a65/9a4823ac-f84e-4806-aaa5-78cf6c551057/3/fca-reception-1-185x114.jpg" /> <p><!--summary start--> The Financial Conduct Authority (FCA)’s thematic review into retirement income advice found a “mixed picture” among practices at the advisory firms it reviewed. <!--summary end--></p> https://www.professionaladviser.com/api/v1/wps/fc70a65/9a4823ac-f84e-4806-aaa5-78cf6c551057/3/fca-reception-1-185x114.jpg https://www.professionaladviser.com/news/4187568/retirement-income-advice-fca-mixed-picture-case-files https://www.professionaladviser.com/news/4187568/retirement-income-advice-fca-mixed-picture-case-files https://www.professionaladviser.com/news/4187568/retirement-income-advice-fca-mixed-picture-case-files Wed, 20 Mar 2024 11:33:27 +0000 FCA tells IFAs to review retirement income advice processes <img alt="FCA tells IFAs to review retirement income advice processes" src="https://www.professionaladviser.com/api/v1/wps/6ed9858/9d1d4c1c-617e-4284-aea8-77e1200ba232/6/iStock-800974578-185x114.jpg" /> <p><!--summary start--> The Financial Conduct Authority (FCA) has told chief executives of financial advice firms to review their retirement income advice processes following the conclusion of its thematic review. <!--summary end--></p> https://www.professionaladviser.com/api/v1/wps/6ed9858/9d1d4c1c-617e-4284-aea8-77e1200ba232/6/iStock-800974578-185x114.jpg https://www.professionaladviser.com/news/4187457/fca-tells-ifas-review-retirement-income-advice-processes https://www.professionaladviser.com/news/4187457/fca-tells-ifas-review-retirement-income-advice-processes https://www.professionaladviser.com/news/4187457/fca-tells-ifas-review-retirement-income-advice-processes Wed, 20 Mar 2024 07:38:12 +0000 Estate planning: Testamentary capacity in the spotlight <img alt="Estate planning: Testamentary capacity in the spotlight" src="https://www.professionaladviser.com/api/v1/wps/180fef8/b8f77c57-2ac7-4ea5-a6d6-e9edf05c8b1b/8/Nicola-Bushby-185x114.jpg" /> <p><!--summary start--> Lawyer Nicola Bushby explains why contemporaneous medical assessments are essential for those drafting a will when the testator is elderly, ill or vulnerable... <!--summary end--></p> https://www.professionaladviser.com/api/v1/wps/180fef8/b8f77c57-2ac7-4ea5-a6d6-e9edf05c8b1b/8/Nicola-Bushby-185x114.jpg https://www.professionaladviser.com/opinion/4184152/estate-planning-testamentary-capacity-spotlight https://www.professionaladviser.com/opinion/4184152/estate-planning-testamentary-capacity-spotlight https://www.professionaladviser.com/opinion/4184152/estate-planning-testamentary-capacity-spotlight Mon, 18 Mar 2024 15:11:24 +0000 New occupational scheme launches; BSPS rescue proposals set out <img alt="New occupational scheme launches; BSPS rescue proposals set out" src="https://www.professionaladviser.com/api/v1/wps/944ae15/e026fb6d-c122-473d-8d3b-4e4b1d200a61/1/iStock-853303216-1-185x114.jpg" /> <p><!--summary start--> Pension SuperHaven has announced its formal launch as an occupational pension scheme and has set out its rescue proposal for former British Steel pensioners. <!--summary end--></p> https://www.professionaladviser.com/api/v1/wps/944ae15/e026fb6d-c122-473d-8d3b-4e4b1d200a61/1/iStock-853303216-1-185x114.jpg https://www.professionaladviser.com/news/4185360/occupational-scheme-launches-sets-british-steel-pensioner-rescue-proposals https://www.professionaladviser.com/news/4185360/occupational-scheme-launches-sets-british-steel-pensioner-rescue-proposals https://www.professionaladviser.com/news/4185360/occupational-scheme-launches-sets-british-steel-pensioner-rescue-proposals Thu, 14 Mar 2024 10:00:53 +0000 Adviser insight on transitional tax-free amount certificates <img alt="Adviser insight on transitional tax-free amount certificates " src="https://www.professionaladviser.com/api/v1/wps/1e7c414/460ae559-3f66-41fd-ae98-94687ea319f1/2/iStock-1598742925-185x114.jpg" /> <p><!--summary start--> Advisers should proceed with caution when it comes to transitional tax-free amount certificates, writes Lisa Webster <!--summary end--></p> https://www.professionaladviser.com/api/v1/wps/1e7c414/460ae559-3f66-41fd-ae98-94687ea319f1/2/iStock-1598742925-185x114.jpg https://www.professionaladviser.com/opinion/4182284/adviser-insight-transitional-tax-free-certificates https://www.professionaladviser.com/opinion/4182284/adviser-insight-transitional-tax-free-certificates https://www.professionaladviser.com/opinion/4182284/adviser-insight-transitional-tax-free-certificates Wed, 13 Mar 2024 07:58:35 +0000 Spring Budget 24: Ten key takeaways from Jeremy Hunt's speech <img alt="Spring Budget 24: Ten key takeaways from Jeremy Hunt&#39;s speech" src="https://www.professionaladviser.com/api/v1/wps/979a1e7/43b8fd96-73cd-4024-b2a9-cb94561d03d8/20/53570268257-98ff571d58-c-185x114.jpg" /> <p><!--summary start--> Ten of the key points from chancellor Jeremy Hunt’s Spring Budget, the last scheduled before the next general election, which is expected to take place later this year. <!--summary end--></p> https://www.professionaladviser.com/api/v1/wps/979a1e7/43b8fd96-73cd-4024-b2a9-cb94561d03d8/20/53570268257-98ff571d58-c-185x114.jpg https://www.professionaladviser.com/news/4182704/spring-budget-key-takeaways-jeremy-hunts-speech https://www.professionaladviser.com/news/4182704/spring-budget-key-takeaways-jeremy-hunts-speech https://www.professionaladviser.com/news/4182704/spring-budget-key-takeaways-jeremy-hunts-speech Thu, 7 Mar 2024 05:18:17 +0000 Spring Budget 24: FCA/TPR given more powers to push better DC value <img alt="Spring Budget 24: FCA/TPR given more powers to push better DC value" src="https://www.professionaladviser.com/api/v1/wps/490f7b2/3735033a-c80e-4431-ab62-72e927bcc5b6/3/iStock-157168902-3-185x114.jpg" /> <p><!--summary start--> Chancellor Jeremy Hunt has reaffirmed HM Treasury’s intention to asked defined contribution (DC) and Local Government Pension Schemes to disclose their level of investment in international and UK equities. <!--summary end--></p> https://www.professionaladviser.com/api/v1/wps/490f7b2/3735033a-c80e-4431-ab62-72e927bcc5b6/3/iStock-157168902-3-185x114.jpg https://www.professionaladviser.com/news/4182418/spring-budget-fca-tpr-powers-push-dc-value https://www.professionaladviser.com/news/4182418/spring-budget-fca-tpr-powers-push-dc-value https://www.professionaladviser.com/news/4182418/spring-budget-fca-tpr-powers-push-dc-value Wed, 6 Mar 2024 13:33:18 +0000 DWP rules out £10,000 general levy hit on smaller schemes <img alt="DWP rules out £10,000 general levy hit on smaller schemes" src="https://www.professionaladviser.com/api/v1/wps/fb2aa25/284cd3d9-ca50-4609-8dc0-bff406013eb9/3/iStock-1289963770-185x114.jpg" /> <p><!--summary start--> Small self-administered schemes (SSAS) will not be hit with an additional £10,000 general levy bill after the Department for Work and Pensions (DWP) did not pursue the option outlined in a recent consultation. <!--summary end--></p> https://www.professionaladviser.com/api/v1/wps/fb2aa25/284cd3d9-ca50-4609-8dc0-bff406013eb9/3/iStock-1289963770-185x114.jpg https://www.professionaladviser.com/news/4181157/dwp-rules-gbp-levy-hit-schemes https://www.professionaladviser.com/news/4181157/dwp-rules-gbp-levy-hit-schemes https://www.professionaladviser.com/news/4181157/dwp-rules-gbp-levy-hit-schemes Tue, 5 Mar 2024 16:40:01 +0000 Outlook: Will pensions get a free pass in this week's Spring Budget? <img alt="Outlook: Will pensions get a free pass in this week&#39;s Spring Budget?" src="https://www.professionaladviser.com/api/v1/wps/6a7ad7e/f7e6d276-0fa3-4529-9043-5210d9d8c213/9/Uk-parliament-185x114.jpg" /> <p><!--summary start--> Lee Halpin shares his Spring Budget 2024 predictions ahead of Wednesday's speech and has his fingers crossed that pensions will not get a special mention... <!--summary end--></p> https://www.professionaladviser.com/api/v1/wps/6a7ad7e/f7e6d276-0fa3-4529-9043-5210d9d8c213/9/Uk-parliament-185x114.jpg https://www.professionaladviser.com/opinion/4180869/outlook-pensions-free-pass-weeks-spring-budget https://www.professionaladviser.com/opinion/4180869/outlook-pensions-free-pass-weeks-spring-budget https://www.professionaladviser.com/opinion/4180869/outlook-pensions-free-pass-weeks-spring-budget Mon, 4 Mar 2024 12:06:17 +0000 Pension allowance changes fuel increase in chunky contributions <img alt="Pension allowance changes fuel increase in chunky contributions" src="https://www.professionaladviser.com/api/v1/wps/4d657ed/a08a28cc-d79d-48ec-902c-28b73e975986/7/pension-185x114.jpg" /> <p><!--summary start--> High earners are pouring significant contributions into their pensions ahead of changes to allowances coming into effect at the end of the current tax year, according to Hargreaves Lansdown data. <!--summary end--></p> https://www.professionaladviser.com/api/v1/wps/4d657ed/a08a28cc-d79d-48ec-902c-28b73e975986/7/pension-185x114.jpg https://www.professionaladviser.com/news/4178555/pension-allowance-changes-fuel-increase-chunky-contributions https://www.professionaladviser.com/news/4178555/pension-allowance-changes-fuel-increase-chunky-contributions https://www.professionaladviser.com/news/4178555/pension-allowance-changes-fuel-increase-chunky-contributions Mon, 26 Feb 2024 11:13:46 +0000 Finance Bill LTA provisions a 'rushed job' ahead of April <img alt="Finance Bill LTA provisions a &#39;rushed job&#39; ahead of April" src="https://www.professionaladviser.com/api/v1/wps/7411c7c/a5ec430f-fc7e-4f5d-83b0-4005d44bf81f/2/Everett-David-LCP-185x114.jpg" /> <p><!--summary start--> Finance Bill lifetime allowance (LTA) provisions are a “rushed job” that will lead to “challenging” timescales for administrators and a “patch and mend job” through regulations ahead of the new tax year, industry figures say. <!--summary end--></p> https://www.professionaladviser.com/api/v1/wps/7411c7c/a5ec430f-fc7e-4f5d-83b0-4005d44bf81f/2/Everett-David-LCP-185x114.jpg https://www.professionaladviser.com/news/4177955/finance-lta-provisions-rushed-job-ahead-april https://www.professionaladviser.com/news/4177955/finance-lta-provisions-rushed-job-ahead-april https://www.professionaladviser.com/news/4177955/finance-lta-provisions-rushed-job-ahead-april Fri, 23 Feb 2024 15:25:11 +0000 FCA warning for duo over 'seriously flawed' DB transfer model <img alt="FCA warning for duo over &#39;seriously flawed&#39; DB transfer model" src="https://www.professionaladviser.com/api/v1/wps/29be264/c6b8eb7f-0531-4340-9da9-25c5b9473b50/2/iStock-618516848-185x114.jpg" /> <p><!--summary start--> The Financial Conduct Authority (FCA) has issued warnings to two advisers who it says “recklessly designed a seriously flawed advice model” for defined benefit (DB) transfers. <!--summary end--></p> https://www.professionaladviser.com/api/v1/wps/29be264/c6b8eb7f-0531-4340-9da9-25c5b9473b50/2/iStock-618516848-185x114.jpg https://www.professionaladviser.com/news/4176894/fca-warning-duo-seriously-flawed-db-transfer-model https://www.professionaladviser.com/news/4176894/fca-warning-duo-seriously-flawed-db-transfer-model https://www.professionaladviser.com/news/4176894/fca-warning-duo-seriously-flawed-db-transfer-model Wed, 21 Feb 2024 14:24:16 +0000 DB transfer complaints: A difficult balancing act for all parties <img alt="DB transfer complaints: A difficult balancing act for all parties" src="https://www.professionaladviser.com/api/v1/wps/061f7b7/219d5cea-4242-463d-afff-7d9adbc57ecb/5/iStock-514657035-185x114.jpg" /> <p><!--summary start--> Lawyers Claire Carroll and Laura Norris look at the history of DB transfer complaints since pensions freedom and urge everyone involved in the process to carefully consider potential consequences... <!--summary end--></p> https://www.professionaladviser.com/api/v1/wps/061f7b7/219d5cea-4242-463d-afff-7d9adbc57ecb/5/iStock-514657035-185x114.jpg https://www.professionaladviser.com/opinion/4174724/db-transfer-complaints-difficult-balancing-act-parties https://www.professionaladviser.com/opinion/4174724/db-transfer-complaints-difficult-balancing-act-parties https://www.professionaladviser.com/opinion/4174724/db-transfer-complaints-difficult-balancing-act-parties Wed, 21 Feb 2024 14:13:25 +0000 SIPP and SSAS taxable property: How to avoid 'onerous' HMRC charges <img alt="SIPP and SSAS taxable property: How to avoid &#39;onerous&#39; HMRC charges" src="https://www.professionaladviser.com/api/v1/wps/99c38d0/9c00d5b6-8ffb-45e8-b76d-28fc63c6bef2/2/iStock-178101501-185x114.jpg" /> <p><!--summary start--> Caitlin Southall shares her technical knowledge on self-invested pension taxable property rules... <!--summary end--></p> https://www.professionaladviser.com/api/v1/wps/99c38d0/9c00d5b6-8ffb-45e8-b76d-28fc63c6bef2/2/iStock-178101501-185x114.jpg https://www.professionaladviser.com/opinion/4173622/sipp-ssas-taxable-property-avoid-onerous-hmrc-charges https://www.professionaladviser.com/opinion/4173622/sipp-ssas-taxable-property-avoid-onerous-hmrc-charges https://www.professionaladviser.com/opinion/4173622/sipp-ssas-taxable-property-avoid-onerous-hmrc-charges Tue, 20 Feb 2024 14:22:40 +0000 Labour to retain triple lock if it wins general election <img alt="Labour to retain triple lock if it wins general election" src="https://www.professionaladviser.com/api/v1/wps/cd7478c/a08a28cc-d79d-48ec-902c-28b73e975986/6/pension-185x114.jpg" /> <p><!--summary start--> Labour has said it will retain the state pension triple lock if it wins the next general election, according to reports. <!--summary end--></p> https://www.professionaladviser.com/api/v1/wps/cd7478c/a08a28cc-d79d-48ec-902c-28b73e975986/6/pension-185x114.jpg https://www.professionaladviser.com/news/4175996/labour-retain-triple-lock-wins-election https://www.professionaladviser.com/news/4175996/labour-retain-triple-lock-wins-election https://www.professionaladviser.com/news/4175996/labour-retain-triple-lock-wins-election Tue, 20 Feb 2024 08:05:46 +0000 Addressing the 'regulatory timebomb' of income security <img alt="Addressing the &#39;regulatory timebomb&#39; of income security" src="https://www.professionaladviser.com/api/v1/wps/0965e6a/f033c5c2-e783-4240-9707-df0bf851ab41/2/iStock-1446674481-185x114.jpg" /> <p><!--summary start--> Kevin Carr and Matt Morris assess retirement income security ten years on from pensions freedom's big reveal... <!--summary end--></p> https://www.professionaladviser.com/api/v1/wps/0965e6a/f033c5c2-e783-4240-9707-df0bf851ab41/2/iStock-1446674481-185x114.jpg https://www.professionaladviser.com/opinion/4171761/addressing-regulatory-timebomb-income-security https://www.professionaladviser.com/opinion/4171761/addressing-regulatory-timebomb-income-security https://www.professionaladviser.com/opinion/4171761/addressing-regulatory-timebomb-income-security Mon, 19 Feb 2024 15:08:40 +0000 What could effective pensions engagement actually look like? <img alt="What could effective pensions engagement actually look like?" src="https://www.professionaladviser.com/api/v1/wps/ba83b24/f660f3f9-33ac-482e-8c10-8da899800e32/9/Jasmine-Urquhart-117-Edit-roi-1-185x114.jpg" /> <p><!--summary start--> The Pensions Policy Institute (PPI) has released a report on improving pensions engagement; Jasmine Urquhart explores whether better industry collaboration and default designs could improve engagement... <!--summary end--></p> https://www.professionaladviser.com/api/v1/wps/ba83b24/f660f3f9-33ac-482e-8c10-8da899800e32/9/Jasmine-Urquhart-117-Edit-roi-1-185x114.jpg https://www.professionaladviser.com/feature/4174902/effective-pensions-engagement-actually-look https://www.professionaladviser.com/feature/4174902/effective-pensions-engagement-actually-look https://www.professionaladviser.com/feature/4174902/effective-pensions-engagement-actually-look Fri, 16 Feb 2024 12:00:45 +0000 Can clients 'double dip' on tax-free cash by transferring overseas? <img alt="Can clients &#39;double dip&#39; on tax-free cash by transferring overseas?" src="https://www.professionaladviser.com/api/v1/wps/c1e69d9/a8a0e9af-aa1c-4b31-abee-511730c85ef4/14/Rachel-Vahey-2023-roi-1-185x114.jpg" /> <p><!--summary start--> Rachel Vahey looks at new taxation rules which could spark a resurgence in QROPS use, however, she warns the shake-up has a whiff of an unintended consequence about it... <!--summary end--></p> https://www.professionaladviser.com/api/v1/wps/c1e69d9/a8a0e9af-aa1c-4b31-abee-511730c85ef4/14/Rachel-Vahey-2023-roi-1-185x114.jpg https://www.professionaladviser.com/opinion/4171195/clients-double-dip-tax-free-cash-transferring-overseas https://www.professionaladviser.com/opinion/4171195/clients-double-dip-tax-free-cash-transferring-overseas https://www.professionaladviser.com/opinion/4171195/clients-double-dip-tax-free-cash-transferring-overseas Thu, 15 Feb 2024 08:31:34 +0000 SSAS sector pushes back on general levy changes amid growth fears <img alt="SSAS sector pushes back on general levy changes amid growth fears" src="https://www.professionaladviser.com/api/v1/wps/8256aed/4810266f-c994-4002-a752-f85364991fec/5/iStock-1166079140-185x114.jpg" /> <p><!--summary start--> The Department for Work and Pensions (DWP) is under renewed pressure from the Association of Member-Directed Pension Schemes (AMPS) to set out a timetable for its response to the recent general levy consultation which could see small self-administered schemes (SSAS) hit with an additional annual £10,000 charge. <!--summary end--></p> https://www.professionaladviser.com/api/v1/wps/8256aed/4810266f-c994-4002-a752-f85364991fec/5/iStock-1166079140-185x114.jpg https://www.professionaladviser.com/news/4173993/ssas-sector-pushes-levy-changes-amid-growth-fears https://www.professionaladviser.com/news/4173993/ssas-sector-pushes-levy-changes-amid-growth-fears https://www.professionaladviser.com/news/4173993/ssas-sector-pushes-levy-changes-amid-growth-fears Wed, 14 Feb 2024 11:01:40 +0000 Fresh LTA rule update gives advisers clarity but questions remain <img alt="Fresh LTA rule update gives advisers clarity but questions remain" src="https://www.professionaladviser.com/api/v1/wps/aa6b11a/09a7d1d3-4ee5-4855-b2d5-05788d12e919/6/Clare-Moffat-185x114.jpg" /> <p><!--summary start--> HM Revenue & Customs (HMRC) has issued a further update to the post-lifetime allowance (LTA) abolition rulebook ahead of its removal on 6 April. <!--summary end--></p> https://www.professionaladviser.com/api/v1/wps/aa6b11a/09a7d1d3-4ee5-4855-b2d5-05788d12e919/6/Clare-Moffat-185x114.jpg https://www.professionaladviser.com/news/4173717/fresh-lta-rule-update-advisers-clarity-questions-remain https://www.professionaladviser.com/news/4173717/fresh-lta-rule-update-advisers-clarity-questions-remain https://www.professionaladviser.com/news/4173717/fresh-lta-rule-update-advisers-clarity-questions-remain Wed, 14 Feb 2024 07:49:35 +0000 FSCS places Lancashire firm Frodsham Financial Planning in default <img alt="FSCS places Lancashire firm Frodsham Financial Planning in default" src="https://www.professionaladviser.com/api/v1/wps/0af2dd4/e3f5e855-94ef-4695-86a4-2484376839d9/2/iStock-1757631802-185x114.jpg" /> <p><!--summary start--> Rochdale advice firm Frodsham Financial Planning is now in default after being declared failed by the Financial Services Compensation Scheme (FSCS). <!--summary end--></p> https://www.professionaladviser.com/api/v1/wps/0af2dd4/e3f5e855-94ef-4695-86a4-2484376839d9/2/iStock-1757631802-185x114.jpg https://www.professionaladviser.com/news/4173525/fscs-lancashire-firm-frodsham-financial-planning-default https://www.professionaladviser.com/news/4173525/fscs-lancashire-firm-frodsham-financial-planning-default https://www.professionaladviser.com/news/4173525/fscs-lancashire-firm-frodsham-financial-planning-default Tue, 13 Feb 2024 12:17:01 +0000 WBR to reregister Rowanmoor SSAS book after Ombudsman ruling <img alt="WBR to reregister Rowanmoor SSAS book after Ombudsman ruling" src="https://www.professionaladviser.com/api/v1/wps/abfa870/37d1870c-0175-4531-9255-17c56c0f5083/3/Martin-Tilley-2021-185x114.jpg" /> <p><!--summary start--> WBR Group (WRB) is set to register the Rowanmoor small self-administered scheme (SSAS) book to its in-house operation WBR Trustees from Rowanmoor Trustees after The Pensions Ombudsman’s (TPO) decision put the latter’s long-term viability in doubt. <!--summary end--></p> https://www.professionaladviser.com/api/v1/wps/abfa870/37d1870c-0175-4531-9255-17c56c0f5083/3/Martin-Tilley-2021-185x114.jpg https://www.professionaladviser.com/news/4171992/wbr-reregister-rowanmoor-ssas-book-ombudsman-ruling https://www.professionaladviser.com/news/4171992/wbr-reregister-rowanmoor-ssas-book-ombudsman-ruling https://www.professionaladviser.com/news/4171992/wbr-reregister-rowanmoor-ssas-book-ombudsman-ruling Fri, 9 Feb 2024 07:00:24 +0000 Pensions minister vows to deliver dashboards after delays <img alt="Pensions minister vows to deliver dashboards after delays" src="https://www.professionaladviser.com/api/v1/wps/8a946ce/c6b4ff68-975b-4efd-abe4-55acea15bc05/2/Paul-Maynard-Lang-Cat-conference-Feb-24-185x114.jpg" /> <p><!--summary start--> The Pensions Dashboards Programme (PDP) will be completed and remains a key priority for the Department for Work and Pensions (DWP), pensions minister Paul Maynard has told conference delegates today (8 February). <!--summary end--></p> https://www.professionaladviser.com/api/v1/wps/8a946ce/c6b4ff68-975b-4efd-abe4-55acea15bc05/2/Paul-Maynard-Lang-Cat-conference-Feb-24-185x114.jpg https://www.professionaladviser.com/news/4171939/pensions-minister-vows-deliver-dashboards-delays https://www.professionaladviser.com/news/4171939/pensions-minister-vows-deliver-dashboards-delays https://www.professionaladviser.com/news/4171939/pensions-minister-vows-deliver-dashboards-delays Thu, 8 Feb 2024 15:13:30 +0000 SSAS complaint against Rowanmoor Trustees upheld by TPO <img alt="SSAS complaint against Rowanmoor Trustees upheld by TPO" src="https://www.professionaladviser.com/api/v1/wps/9a712c7/21dad6a4-ab2a-4f02-9974-e621ce92eef6/12/iStock-1345443906-679-419-185x114.jpg" /> <p><!--summary start--> The Pensions Ombudsman (TPO) has upheld a complaint against Rowanmoor Trustees after it ‘did not fulfil its duties’ as a trustee of a small self-administered scheme (SSAS). <!--summary end--></p> https://www.professionaladviser.com/api/v1/wps/9a712c7/21dad6a4-ab2a-4f02-9974-e621ce92eef6/12/iStock-1345443906-679-419-185x114.jpg https://www.professionaladviser.com/news/4171830/ssas-complaint-rowanmoor-trustees-upheld-tpo https://www.professionaladviser.com/news/4171830/ssas-complaint-rowanmoor-trustees-upheld-tpo https://www.professionaladviser.com/news/4171830/ssas-complaint-rowanmoor-trustees-upheld-tpo Thu, 8 Feb 2024 15:04:15 +0000 Government maintains auto-enrolment earnings trigger at £10,000 <img alt="Government maintains auto-enrolment earnings trigger at £10,000 " src="https://www.professionaladviser.com/api/v1/wps/37d5616/365c1577-f406-4b43-9f1b-245cfbc19afc/4/iStock-584884858-185x114.jpg" /> <p><!--summary start--> The government has confirmed the auto-enrolment (AE) earnings trigger has been maintained at £10,000 for 2024/25, following its annual review. <!--summary end--></p> https://www.professionaladviser.com/api/v1/wps/37d5616/365c1577-f406-4b43-9f1b-245cfbc19afc/4/iStock-584884858-185x114.jpg https://www.professionaladviser.com/news/4170924/government-maintains-auto-enrolment-earnings-trigger-gbp https://www.professionaladviser.com/news/4170924/government-maintains-auto-enrolment-earnings-trigger-gbp https://www.professionaladviser.com/news/4170924/government-maintains-auto-enrolment-earnings-trigger-gbp Wed, 7 Feb 2024 06:28:17 +0000 Perfect timing: How to advise clients on the right time to retire <img alt="Perfect timing: How to advise clients on the right time to retire" src="https://www.professionaladviser.com/api/v1/wps/3d0f483/a4d26dde-afa4-49f1-8669-cf4168121094/5/Richard-Hulbert-185x114.jpg" /> <p><!--summary start--> Advising clients on the right time to retire can be more challenging than it sounds, writes Richard Hulbert. Here he explains how health, wealth and personality play their parts... <!--summary end--></p> https://www.professionaladviser.com/api/v1/wps/3d0f483/a4d26dde-afa4-49f1-8669-cf4168121094/5/Richard-Hulbert-185x114.jpg https://www.professionaladviser.com/opinion/4166637/perfect-timing-advise-clients-retire https://www.professionaladviser.com/opinion/4166637/perfect-timing-advise-clients-retire https://www.professionaladviser.com/opinion/4166637/perfect-timing-advise-clients-retire Mon, 5 Feb 2024 15:02:40 +0000 LTA abolition brings advisers 'tax year-end with a twist' <img alt="LTA abolition brings advisers &#39;tax year-end with a twist&#39;" src="https://www.professionaladviser.com/api/v1/wps/91d3345/d1bcba7f-e82b-498a-a6ff-49e328750a7d/9/Les-Cameron-1-CROP-185x114.jpg" /> <p><!--summary start--> Les Cameron shares some technical insight on the upcoming tax year-end as the lifetime allowance comes to an end... <!--summary end--></p> https://www.professionaladviser.com/api/v1/wps/91d3345/d1bcba7f-e82b-498a-a6ff-49e328750a7d/9/Les-Cameron-1-CROP-185x114.jpg https://www.professionaladviser.com/opinion/4167344/lta-abolition-brings-advisers-tax-end-twist https://www.professionaladviser.com/opinion/4167344/lta-abolition-brings-advisers-tax-end-twist https://www.professionaladviser.com/opinion/4167344/lta-abolition-brings-advisers-tax-end-twist Mon, 5 Feb 2024 11:55:24 +0000 Schroders CEO: 'Private is a much easier place to exist than public' <img alt="Schroders CEO: &#39;Private is a much easier place to exist than public&#39;" src="https://www.professionaladviser.com/api/v1/wps/396f65d/f206c19d-70e4-4edd-a3d8-e8ba0ffc8da9/7/HARRISON-Peter-Schroders-2021-roi-1-185x114.jpg" /> <p><!--summary start--> Companies have an easier time existing in the private space than in public markets, according to Schroders. <!--summary end--></p> https://www.professionaladviser.com/api/v1/wps/396f65d/f206c19d-70e4-4edd-a3d8-e8ba0ffc8da9/7/HARRISON-Peter-Schroders-2021-roi-1-185x114.jpg https://www.professionaladviser.com/news/4169697/schroders-ceo-private-easier-exist-public https://www.professionaladviser.com/news/4169697/schroders-ceo-private-easier-exist-public https://www.professionaladviser.com/news/4169697/schroders-ceo-private-easier-exist-public Fri, 2 Feb 2024 08:25:16 +0000 Why advisers must act now ahead of 6 April LTA abolition <img alt="Why advisers must act now ahead of 6 April LTA abolition" src="https://www.professionaladviser.com/api/v1/wps/c6d786f/382021c1-e6af-45b3-a6bf-b84f57ba8fc5/6/Jon-Greer-Quilter-roi-1-185x114.jpg" /> <p><!--summary start--> Jon Greer explains why advisers must act now ahead of the new pensions regime in April to ensure good client outcomes... <!--summary end--></p> https://www.professionaladviser.com/api/v1/wps/c6d786f/382021c1-e6af-45b3-a6bf-b84f57ba8fc5/6/Jon-Greer-Quilter-roi-1-185x114.jpg https://www.professionaladviser.com/opinion/4168989/advisers-act-ahead-april-lta-abolition https://www.professionaladviser.com/opinion/4168989/advisers-act-ahead-april-lta-abolition https://www.professionaladviser.com/opinion/4168989/advisers-act-ahead-april-lta-abolition Thu, 1 Feb 2024 07:50:27 +0000