- Managers of Wealth - Europe - Wealth, private banking and asset management news and opinion

HMRC lacks data on pension annual allowance breaches

While DWP under fire for £1bn in underpaid pensions

Forthplus Sipp remains shuttered

As it is forced to cancel pension transfers currently in progress

Tenet tidies up DB permissions

As some financial advisers in its network will no longer be able to process pension transfers

Regulators to force DC pension schemes to detail charges

Defined contribution workplace pension schemes are already required to disclose the costs and charges that members can expect to bear or have borne to date.

Capgemini wins contract with Pensions Dashboard Programme

The firm will, over the next few months, deliver the pensions finder service, consent and authorisation service, and governance register for the ecosystem.

FCA confirms periodic review of pension transfers redress guidance

Confirm that we intend to start a periodic review of the redress guidance by the end of 2021.

17% of Brits trying to spend “every penny” of retirement savings

The desire to ensure our savings last as long as we do naturally becomes important.

Are pension savings subject to Inheritance Tax? The rules explained

Naturally, the taxman will be after his slice of any funds but if people are proactive and take early measures, they can ensure that their inheritance passes as cleanly as possible.

Morrisons pension trustees raise concerns over £7bn takeover plan

Trustees say more protection should be put in place before shareholders vote on private equity deal

FSCS pays out £8.25m on failed adviser

BlackStar Wealth Management, based in the West Midlands, was declared in default by the FSCS in January last year, five months after it appointed administrators.

FCA pension warning as millions still lost to pension scams

The FCA’s research suggests that all too often, people incorrectly assume they can trust what they see online to be genuine.

Exit credits in the Local Government Pension Scheme - Key Points To Note

The retrospective amendment was found by the High Court to be justified for reasons of public interest.

UK's Sunak considers cap to annual pension rise - Sunday Times

Sunak said pensions would be reviewed later in the year

UK Member Consolidator Hires Kempen as Fiduciary Manager

Kempen will implement an investment strategy on behalf of Clara and its backers.

Publication of costs and charges data by workplace personal pension providers

Our expectations of providers for the first publication of costs and charges information under the new rules.

UK pension schemes wary of push for ‘illiquid’ investments

Managers fear government proposal will see savers lose money through higher fees

Surge of interest in Guernsey for pension longevity risk transfer deals

A captive solution can also be a stepping stone towards purchasing a bulk annuity at a later date, and this has happened with some Guernsey deals.

Revealed: When clients need to start worrying about the Pension Lifetime Allowance

Calculations from Quilter reveals careful consideration needs to be given for any client who has a pension valued greater than £500k

Irresistible? Pension funds plot move on China's $16trln bond market

China's sovereign debt market is the world's second-largest after the United States

Pension savers could save over £140,000 by consolidating pension pots

The upcoming pensions dashboard may help users find and consolidate their pots.