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2 months ago | 
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.
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Feb 26, 2024 | 
moneymarketing.co.uk | Caitlin Southall
Quilter Financial Planning has added two new appointed representative (AR) financial planning firms to its network. The first – Sports Media and Entertainment Wealth Management – is a newly-formed business led by former Coutts’ chartered wealth manager Obinna Ikedife. The firm specialises in providing bespoke and comprehensive wealth advice for high-net-worth and ultra-high-net-worth clients across the sports, media and entertainment sectors.
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Feb 22, 2024 | 
moneymarketing.co.uk | Caitlin Southall |Momodou Musa Touray |Kimberley Dondo
We have an intrinsic issue in the UK with lost pensions and lack of engagement. To help resolve this issue, the Department for Work and Pensions (DWP) is introducing pension dashboards. It’s essential dashboards are delivered as anticipated and effectively, so as not to lose the great potential they offer. The dashboard project has faced delays, with the latest connection deadline for providers set for October 2026.
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Feb 20, 2024 | 
professionaladviser.com | Caitlin Southall
Commercial property is a popular investment option for self-invested personal pension (SIPP) and small self-administered scheme (SSAS) clients, offering significant tax advantages including no capital gains tax when the property is sold, and no income tax for any rental income received. There are likely to be further tax advantages if the clients' company is also the tenant of the pension-owned property, in that the rent payable should be deductible from the trading profits of the business.
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Feb 8, 2024 | 
moneymarketing.co.uk | Dan Cooper |Caitlin Southall
The UK could be in for an even bigger cost-of-living crisis if we don’t find ways to allow people to increase their pension contributions, Royal London has warned. Royal London commissioned Oxford Economics to produce a report exploring the impact of higher contributions to workplace pensions. It fund that, despite the success of auto enrolment, only 40% of households with a defined contribution (DC) scheme will have the savings needed for a ‘moderate’ standard of living in retirement by 2040.
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Feb 7, 2024 | 
moneymarketing.co.uk | Caitlin Southall
Engagement and divestment should not be seen as opposites, but as “complementary” strategies, CCLA head of sustainability James Corah has insisted. He told Money Marketing that engagement should not be used as an excuse to invest in companies which are impossible to engage with. “There are some companies that fundamentally will not respond to engagement,” he said.
