Professional Adviser www.professionaladviser.com 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 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 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 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 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 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 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 DD Hub launches SIPP review service for advisers <img alt="DD Hub launches SIPP review service for advisers" src="https://www.professionaladviser.com/api/v1/wps/92b68c4/5344c1c3-57a5-4ae1-9a22-51c6c3009f1f/0/iStock-1481623699-185x114.jpg" /> <p><!--summary start--> Due diligence firm DD Hub has launched a self-invested personal pension (SIPP) review service for advisers. <!--summary end--></p> https://www.professionaladviser.com/api/v1/wps/92b68c4/5344c1c3-57a5-4ae1-9a22-51c6c3009f1f/0/iStock-1481623699-185x114.jpg https://www.professionaladviser.com/news/4169153/hub-launches-sipp-review-service-advisers https://www.professionaladviser.com/news/4169153/hub-launches-sipp-review-service-advisers https://www.professionaladviser.com/news/4169153/hub-launches-sipp-review-service-advisers Thu, 1 Feb 2024 07:38:34 +0000 Labour plans pensions review if party takes power <img alt="Labour plans pensions review if party takes power" src="https://www.professionaladviser.com/api/v1/wps/b66b1e1/688fe01c-6943-4b74-829d-6e6777cb1a54/7/Houses-of-parliament-iStock-541574484-185x114.jpg" /> <p><!--summary start--> The Labour Party has announced its intention to carry out an “in-government pensions and retirement savings review” if it wins the next general election. <!--summary end--></p> https://www.professionaladviser.com/api/v1/wps/b66b1e1/688fe01c-6943-4b74-829d-6e6777cb1a54/7/Houses-of-parliament-iStock-541574484-185x114.jpg https://www.professionaladviser.com/news/4169135/labour-plans-pensions-review-party-takes-power https://www.professionaladviser.com/news/4169135/labour-plans-pensions-review-party-takes-power https://www.professionaladviser.com/news/4169135/labour-plans-pensions-review-party-takes-power Thu, 1 Feb 2024 06:23:58 +0000 Nucleus: Pension tax tinkering must end to restore consumer trust <img alt="Nucleus: Pension tax tinkering must end to restore consumer trust" src="https://www.professionaladviser.com/api/v1/wps/08d187b/bd5c83b2-fffd-46d6-b19e-c1557311fbe4/7/Andrew-Tully-185x114.jpg" /> <p><!--summary start--> Nucleus has again called on politicians across the political spectrum to set up an independent long-term savings commission to address chronic under-saving. <!--summary end--></p> https://www.professionaladviser.com/api/v1/wps/08d187b/bd5c83b2-fffd-46d6-b19e-c1557311fbe4/7/Andrew-Tully-185x114.jpg https://www.professionaladviser.com/news/4168160/nucleus-pension-tax-tinkering-end-restore-consumer-trust https://www.professionaladviser.com/news/4168160/nucleus-pension-tax-tinkering-end-restore-consumer-trust https://www.professionaladviser.com/news/4168160/nucleus-pension-tax-tinkering-end-restore-consumer-trust Mon, 29 Jan 2024 15:14:33 +0000 Final DB scheme funding regulations confirmed by the DWP <img alt="Final DB scheme funding regulations confirmed by the DWP" src="https://www.professionaladviser.com/api/v1/wps/1f7d973/05437591-5c15-42cb-9596-534f0ca67068/5/Paul-Maynard-185x114.jpg" /> <p><!--summary start--> Regulations which set out the requirements for defined benefit (DB) pension schemes when determining their funding and investment have been published today (29 January) by the Department for Work and Pensions (DWP). <!--summary end--></p> https://www.professionaladviser.com/api/v1/wps/1f7d973/05437591-5c15-42cb-9596-534f0ca67068/5/Paul-Maynard-185x114.jpg https://www.professionaladviser.com/news/4168118/final-db-scheme-funding-regulations-confirmed-dwp https://www.professionaladviser.com/news/4168118/final-db-scheme-funding-regulations-confirmed-dwp https://www.professionaladviser.com/news/4168118/final-db-scheme-funding-regulations-confirmed-dwp Mon, 29 Jan 2024 14:32:53 +0000 Economic strife and longevity drive demand for retirement advice <img alt="Economic strife and longevity drive demand for retirement advice" src="https://www.professionaladviser.com/api/v1/wps/a8d6849/b0f929a2-6943-4472-8e54-7e8a6ceea97d/0/iStock-171373627-185x114.jpg" /> <p><!--summary start--> Increased demand for retirement advice is being driven by the UK’s ageing population and continued economic uncertainty, according to latest research. <!--summary end--></p> https://www.professionaladviser.com/api/v1/wps/a8d6849/b0f929a2-6943-4472-8e54-7e8a6ceea97d/0/iStock-171373627-185x114.jpg https://www.professionaladviser.com/news/4167272/economic-strife-longevity-drive-demand-retirement-advice https://www.professionaladviser.com/news/4167272/economic-strife-longevity-drive-demand-retirement-advice https://www.professionaladviser.com/news/4167272/economic-strife-longevity-drive-demand-retirement-advice Thu, 25 Jan 2024 11:39:51 +0000 Pension specialist launches Seccl-powered 'guided advice' app <img alt="Pension specialist launches Seccl-powered &#39;guided advice&#39; app " src="https://www.professionaladviser.com/api/v1/wps/4fe89ea/30a5f158-b945-4879-a109-fdf59830adb4/4/iStock-1216035944-185x114.jpg" /> <p><!--summary start--> Pension specialist Paul Budgen has launched a guided pension advice app powered by Seccl. <!--summary end--></p> https://www.professionaladviser.com/api/v1/wps/4fe89ea/30a5f158-b945-4879-a109-fdf59830adb4/4/iStock-1216035944-185x114.jpg https://www.professionaladviser.com/news/4166837/pension-specialist-launches-seccl-powered-guided-advice-app https://www.professionaladviser.com/news/4166837/pension-specialist-launches-seccl-powered-guided-advice-app https://www.professionaladviser.com/news/4166837/pension-specialist-launches-seccl-powered-guided-advice-app Wed, 24 Jan 2024 10:38:17 +0000 Financial Planning Week: ISAs peaking later than pension average <img alt="Financial Planning Week: ISAs peaking later than pension average" src="https://www.professionaladviser.com/api/v1/wps/0993e6d/21a90c15-7301-476a-ada8-b619407abe8a/3/James-Tucker-CEO-Twenty7tec-185x114.jpg" /> <p><!--summary start--> The average UK pension pot peaks when its owner is in their 50s – two decades earlier than when ISA valuations peak, according to Twenty7tec. <!--summary end--></p> https://www.professionaladviser.com/api/v1/wps/0993e6d/21a90c15-7301-476a-ada8-b619407abe8a/3/James-Tucker-CEO-Twenty7tec-185x114.jpg https://www.professionaladviser.com/news/4166631/financial-planning-isas-peaking-pension-average https://www.professionaladviser.com/news/4166631/financial-planning-isas-peaking-pension-average https://www.professionaladviser.com/news/4166631/financial-planning-isas-peaking-pension-average Wed, 24 Jan 2024 07:43:21 +0000 Advisers concerned about impact of 'pot for life' pension reforms <img alt="Advisers concerned about impact of &#39;pot for life&#39; pension reforms" src="https://www.professionaladviser.com/api/v1/wps/866c555/ac3b4978-fb61-4570-b946-4818c84b693e/6/iStock-1339956397-1-185x114.jpg" /> <p><!--summary start--> Advisers are concerned about the potential impact on both employees and employers of the lifetime provider proposals, Royal London has found. <!--summary end--></p> https://www.professionaladviser.com/api/v1/wps/866c555/ac3b4978-fb61-4570-b946-4818c84b693e/6/iStock-1339956397-1-185x114.jpg https://www.professionaladviser.com/news/4166612/advisers-concerned-about-impact-pot-life-pension-reforms https://www.professionaladviser.com/news/4166612/advisers-concerned-about-impact-pot-life-pension-reforms https://www.professionaladviser.com/news/4166612/advisers-concerned-about-impact-pot-life-pension-reforms Wed, 24 Jan 2024 06:04:17 +0000 LTA: Should clients crystallise all pensions before April 2024? <img alt="LTA: Should clients crystallise all pensions before April 2024?" src="https://www.professionaladviser.com/api/v1/wps/676d37f/bd5c83b2-fffd-46d6-b19e-c1557311fbe4/5/Andrew-Tully-185x114.jpg" /> <p><!--summary start--> Andrew Tully looks at the upcoming removal of the LTA which, he says, is leaving financial advisers as well as clients in a difficult position… <!--summary end--></p> https://www.professionaladviser.com/api/v1/wps/676d37f/bd5c83b2-fffd-46d6-b19e-c1557311fbe4/5/Andrew-Tully-185x114.jpg https://www.professionaladviser.com/opinion/4166009/lta-clients-crystallise-pensions-april-2024 https://www.professionaladviser.com/opinion/4166009/lta-clients-crystallise-pensions-april-2024 https://www.professionaladviser.com/opinion/4166009/lta-clients-crystallise-pensions-april-2024 Tue, 23 Jan 2024 15:27:09 +0000 Canada Life shuts personal pension and onshore bond products <img alt="Canada Life shuts personal pension and onshore bond products" src="https://www.professionaladviser.com/api/v1/wps/6a9b3b3/8e41d368-320f-490b-94d4-a39c6452fd32/2/Sean-christian-185x114.jpg" /> <p><!--summary start--> Canada Life has closed its onshore bond and personal pension operations with immediate effect with its wealth division’s focus now shifted to offshore bond products. <!--summary end--></p> https://www.professionaladviser.com/api/v1/wps/6a9b3b3/8e41d368-320f-490b-94d4-a39c6452fd32/2/Sean-christian-185x114.jpg https://www.professionaladviser.com/news/4166467/canada-life-shuts-personal-pension-onshore-bond-products https://www.professionaladviser.com/news/4166467/canada-life-shuts-personal-pension-onshore-bond-products https://www.professionaladviser.com/news/4166467/canada-life-shuts-personal-pension-onshore-bond-products Tue, 23 Jan 2024 11:43:41 +0000