The events of the last few weeks have impacted just about every aspect of everyday living – including the world of pensions.
The news announced last week that Liberty SIPP Limited had entered administration should have come as no surprise following recent determinations by the Financial Ombudsman (FoS).
What a difference a couple of weeks can make. In my last article I asked just what is “fair and reasonable” in the context of recent Financial Ombudsman’s (FoS) determinations relating to SIPPs and specifically referred to one recent decision involving Liberty SIPP Limited.
On 7 September 1970 (50 years ago today) I stepped into Sun Life’s offices at 107 Cheapside in the City of London for the first time and started out on a voyage of discovery in the world of pensions and financial services.
In one fell swoop the Chancellor has changed the rules of the game for the self-employed.
Eighteen months ago PIMFA refurbished our offices in City Road, necessitating a six-week work-from-home programme for our entire team.
We will soon know if higher and top rate pensions savings tax relief is cut in the Budget. The Treasury says this would save £10bn per year and justify it on the grounds of fairness. This justification is flawed.
As we head towards another Budget and tax year end, we are yet again considering the impact that the Pension Freedoms are having on those retiring now and in the future.
It is human nature that when we are asked to give an opinion or to answer a question that what we say in response has positive connotations, that is we want to be able to help and where possible give good news, writes Certified Financial Planner and Chartered Wealth Manager John Rook.
It won’t have escaped the attention of those of us in the industry that the Financial Conduct Authority has made changes to the FCA Register, removing the name of all those in customer facing roles (except where they hold a senior management function).