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2 days ago | 
moneymarketing.co.uk | Tom Selby |Caitlin Southall |David Ferguson |Darius McQuaid
Chancellor Rachel Reeves and pensions minister Torsten Bell make for unlikely Mafia bosses, but there was something a bit Vito Corleone about the reported threat from officials to mandate UK investment from pension schemes if they didn’t ‘voluntarily’ bend to the government’s will.
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6 days ago | 
moneymarketing.co.uk | Darius McQuaid |Kimberley Dondo |Caitlin Southall
Retirees target pension pot would only last for 11 years according to a report by Retirement Review. The report showed the average personal target pension pot for retirement is £253,701.40 which would likely provide a target income of £30,050.20 for just 11 yearsAdditionally, the average age respondents expected to retire was 65.7 years. A third of consumers are still unsure of both their current pension pot size and their target savings for retirement.
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1 week ago | 
moneymarketing.co.uk | Tom Browne |Robin Powell |Darius McQuaid |Caitlin Southall
Financial advisers must help clients respond to some of the most significant inheritance tax (IHT) changes in recent years. This was the message from Paul Rose, key partnerships manager at Octopus Investments, who delivered the keynote plenary ‘Estate Planning Moving Forward: Taking the Next Steps in Untangling Inheritance Tax’ at MMI Leeds today (8 May).
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1 week ago | 
moneymarketing.co.uk | Momodou Musa Touray |Darius McQuaid |Caitlin Southall
Register Today News and analysis delivered directly to your inboxSign up today to receive our range of news alerts including Morning News, the Daily Briefing and Latest News. Money Marketing EventsBe the first to hear about our industry-leading annual conferences and events, including the Money Marketing Awards and Money Marketing Interactive Leeds and London. Have your sayOnly registered users can post comments. As the voice of the adviser community, our content generates robust debate.
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1 week ago | 
moneymarketing.co.uk | Caitlin Southall |Darius McQuaid
The Government’s decision to bring pensions into scope for Inheritance Tax (IHT) has, quite rightly, become a hot topic in recent months. While I’ve seen arguments on both sides, the overriding sentiment seems to be that — regardless of whether one agrees with the principle — the proposed implementation is overly complex.
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Feb 4, 2025 | 
moneymarketing.co.uk | Caitlin Southall |Darius McQuaid |Momodou Musa Touray
As I think everyone in the pensions sector knows, I have been a huge advocate of the self-invested sector for decades, due to the flexibility of investments and tax advantages. SSASs also offer a useful tool to the new Government in respect of their well-publicised growth aspirations. After all, it’s a solution that has the opportunity to support retirement saving as well as offering investment into small- and medium-sized businesses.
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Jan 1, 2025 | 
moneymarketing.co.uk | Caitlin Southall
As we welcome in 2025 and look ahead at the year, the landscape for pensions is set to be dominated by significant changes coming from reviews and consultations. Here are some of the key changes expected – but, as we all know, this could be just the start. Inheritance taxThe challenges posed by the recent proposals to inheritance tax (IHT) and pensions are well known, and they are unlikely to dissipate with the first draft of the new legislation.
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Mar 26, 2024 | 
professionaladviser.com | Caitlin Southall
Common sense has prevailed. The outcome of the official consultation in respect of the general levy on pension schemes has been released. The levy is imposed on occupational and personal pension schemes, to cover the cost of the funding provided by the Department for Work and Pensions to operate the core activities of The Pension Regulator, The Pension Ombudsman and the Money and Pensions Service (although in respect of the latter, only those activities relating to pensions).
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Mar 7, 2024 | 
moneymarketing.co.uk | Sian Davies Cole |Caitlin Southall |Momodou Musa Touray
With responsible investing on the rise, it is important to consider whether you want to offer a specific responsible investment proposition. You don’t have to, of course, but we have a duty to consider whether clients have any ethical or other preferences in our assessment of their needs. If you are interested, consider whether stewardship might work for you. If it does, you might not need to change your proposition at all. Firstly, lets define what we mean by responsible investment propositions.
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Feb 28, 2024 | 
moneymarketing.co.uk | Nick Eatock |Caitlin Southall |Sam Sloma
St James’s Place has experienced a “marked increase” in clients registering complaints relating to whether they have received ongoing servicing historically. In its financial report for 2023, published today (28 February), the wealth manager reported a £9.9m post-tax loss, compared with profits of £407.2m in 2022. Its share price dropped from 621p at close on 27 February to 438.6p this morning, following the announcement of the results.
