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

Pimfa calls for FSCS review after interim levy

PIMFA are deeply concerned that the reasons for these claims is not being tackled.

Employers against default pensions for employees

This stance is supported by a recent poll* by WEALTH at work which found that 86% of respondents believe that employees should not be defaulted into a decumulation pathway at-retirement without financial guidance.

Govt still negotiating on Brexit state pension deal

But the deal has proven controversial and several members of the Conservative Party have called for Mrs May to stand down as Prime Minister, with some claiming it gives the EU too much power over the UK and others saying the opposite.

Govt admits pension tax relief blunder

In schemes that operate the latter, members get tax relief by making their contributions before their pay is taxed so the member gets the tax relief straightaway.

MPs demand HSBC ends pensions clawback

It also allows employers to deduct some - or all - of the basic state pension amount from their pension payments.

Talbot and Muir launches DFM Sipp

Not particularly expensive but not particularly value for money

Revealed: transfers out of FCA DB pension scheme rocket 266%

Transfers out of the FCA’s final salary pension scheme rocketed 266% between 2016/17 and 2017/18.

QROPS Transfer Charge Overhaul On The Way

Some exemptions apply to the transfer rule.

Dutch regulator warns schemes against too much local investment

Van Vollenhoven’s warning was at odds with Dutch politicians, who have urged pension funds to increase their local investments, for example to help finance the energy transition.

HMRC clarifies Qrops repayment rules

The taxman published two consultations this week on the process it uses for the repayment of this charge on Qualifying Recognised Overseas Pension Schemes.

Sixth of pension schemes put transfers on hold

Depending upon the circumstances trustees may be able to make certain assumptions about the missing data which they can then use to calculate members' equalised benefits

Advisers blast 'ridiculous' trust registration rules

Non European Union-resident trusts that own UK property, or have a business relationship with professional firms, must also register.

Thinking Ahead by Caroline-Wayman

The FCA has now set out the next steps in improving pensions advice

How to advise clients on DB transfers

Understand what the FCA has issued on pension transfer advice and who is eligible to give advice

Third of pension schemes in surplus but have not agreed long-term targets

The sector has enjoyed further improvement in 2018, and currently hovers around the £10 billion mark.

LEBC The Retirement Adviser Welcomes Goverment Consultation On Helping Self Employed To Save

These short-term pressures can make planning for the longer term a low priority.

Govt in discussions over state pension in EFTA countries

The countries are part of the European Economic Area and European Free Trade Association, an intergovernmental organisation set up to promote free trade and the countries' economic integration.

Dutch retirement age increase delayed as life expectancy stalls

The state pension age in the Netherlands is based on an annual longevity estimate from Statistics Netherlands and the legal formula for the retirement age.

Govt gets £400m windfall from pension withdrawals

Last year OBR figures had to be revised down because it expected £500m less in tax receipts from pension withdrawals.

Pension fund investments 'unlikely to be suitable'

HM Treasury had presented a document alongside the Budget which explores options for pooled investments in patient capital by DC schemes.

Pensions