All Advice and guidance articles – Page 14
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OpinionWhen investment advice goes bad
From the blog: Stories of lost nest eggs and hardship facing investors in tax schemes under investigation by HMRC are never far from the news.
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Opinion
Key takeaways from the finance bill 2017
Eversheds’ Tom Meyrick takes a closer look at the finance bill and what it means for pensions.
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Opinion
What we can expect from the pension scams consultation
The government’s consultation on pensions fraud is a positive step but more could be done, says Royal London’s Fiona Tait.
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News
OECD calls for DC redesign and stronger education
The OECD, a Paris-based group of mostly wealthy nations, has stressed the need to strengthen defined contribution pension design, as well as the education and advice offered to members.
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News
One-stop guidance shop to replace MAS, TPAS and Pension Wise
Financial guidance resources the Money Advice Service, The Pensions Advisory Service and Pension Wise will be replaced by a single body, the Treasury and the Department for Work and Pensions said yesterday.
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News
Advice requirement rules could spell end to consumer confusion
The Department for Work and Pensions last week issued a consultation on draft regulations aimed at simplifying the way safeguarded flexible benefits are valued in relation to the freedom and choice advice requirement.
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Opinion
What to expect from the forthcoming pensions bill
We do not yet know when the pensions bill announced in the Queen’s Speech will be released, but Ruth Bamforth of Walker Morris outlines what we can expect when it does.
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News
Education and advice needed for future of saving
Closing the advice gap is crucial to preventing poor outcomes, as the need for savers to be educated about what will be necessary for retirement and the risks they face has increased.
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FeaturesCAF exits multi-employer scheme to set up own fund
The Charities Aid Foundation has withdrawn from a multi-employer defined benefit pension plan and established a new DB scheme, removing its exposure to other employers’ pension liabilities.
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News
Scheme rules may block Treasury's advice allowance plans
The Treasury has opened a consultation on the introduction of a pensions advice allowance, which would allow members of defined contribution schemes to use up to £500 of their pot to pay for tax-free regulated financial advice.
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Features
Primed or prejudiced: Are trustees listening to experts?
Any Other Business: The triumph of instinctive mistrust of immigration over economic rationalisation was at the centre of the UK’s momentous decision to leave the European Union last week.
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News
Is fintech really revolutionising UK pension schemes?
The pensions industry stands to benefit from implementing financial technology to address problems such as scheme members under-saving and not finding tailored retirement solutions, experts have said. However, not everyone agrees.
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OpinionUncertain borders
Editorial: As communication specialists propose showing the decisions of other scheme members to engage their peers, some pension funds have started doing precisely that.
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NewsUnilever launches guidance tool, but fear of giving advice still stops many
The Unilever Pension Fund has introduced an online initiative using example members to help savers plan their benefits, ahead of a clarification on the distinction between advice and guidance from the Financial Conduct Authority, HM Treasury and the Pensions Regulator.
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OpinionWhat will the pension freedoms mean for you this year?
One year on from the introduction of the pension freedoms, the Treasury’s Harriett Baldwin looks at the changes underway that are intended to help make them work.
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News
TPAS call volumes balloon since freedoms
The Pensions Advisory Service has seen a 71 per cent increase in enquiries since the introduction of freedom and choice in April last year, showing the need for accessible guidance.
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News
Withdrawals slow as freedom and choice demand eases
The pace of withdrawals from defined contribution pension pots started to slow in the three months between October and December 2015, as pent up demand following the introduction of freedom and choice began to ease.
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OpinionWhat the £500 limit on tax-free financial advice will change
Deloitte’s Andrew Power explains what the new higher limit on tax breaks for employer-sponsored advice could mean for employers and employees.
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NewsLifetime Isa blurs lines between long and short-term saving
Budget 2016: The dreaded tax change on pension saving has been narrowly avoided in the chancellor’s Budget 2016, but the announcement of a Lifetime Isa could be a step towards a pensions Isa, industry comments suggest.
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News
FAMR recommendations seek to shore up guidance gap
HM Treasury and the Financial Conduct Authority have released a raft of recommendations in the bodies’ review of the financial advice market, but industry commentators have said “tighter and more ambitious timescales” are required to make the pensions dashboard a reality.