MPs are right to warn about misselling but they need to understand the issues better themselves

The public accounts committee has asked the Financial Conduct Authority to do more to understand where misselling is happening and what tools it can use to stop it in its latest report. But the report itself demonstrates just why that task is so difficult. First the report indulges is a little bit of history. Claims […]

13 May 2016 by John Lappin

insight

Read More...

Not a smart way to run a pension system

It’s really been a case of doing the hokey cokey on pensions tax relief. Last week, reliefs were going, this week, they are not. Pension investors’ heads must be spinning. Variously since last year’s consultation paper, we have seen the government discuss equalising the reliefs for example at or around 30% which would have increased […]

9 March 2016 by John Lappin

Pensions

Read More...

Could the state pension reform prove to be political dynamite?

The row over the ‘flattening’ of the state pension is only going to get worse in the five or six month run up to launch. Some excellent research, published last week by actuaries Hymans Robertson, shows that there will be more losers than winners from the reform which comes into force in April 2016. It […]

1 November 2015 by John Lappin

Pensions

Read More...

With Mark Carney’s warning, investors may need to factor in climate change even if they don’t believe it’s really happening

If you are worried about climate change and the world’s inaction on the subject then you will be glad that the Governor of the Bank of England Mark Carney has intervened with a stark warning about the risks. If you are opposed to the scientific consensus on anthropogenic (i.e. human-made) climate change, then you may have […]

30 September 2015 by John Lappin

Expert Opinion

Read More...

Just as with endowment mortgages, this annuity reform could have unintended consequences

The Chancellor of the Exchequer has conjured up a Budget giveaway in these difficult times for those with annuities, but it is, of course, with people’s own money. With five million odd people in the UK receiving money from various insurance companies in the form of an annuity, allowing them to cash them in by […]

16 March 2015 by John Lappin

Expert Opinion

Read More...

People with annuities may soon be allowed to join the pension reforms party. But tickets could prove expensive

The Government may be planning to give millions of annuitants the right and the ability to trade in their old annuities. This means they won’t feel left out of the Freedom and Choice reforms, changes that are set to revolutionise retirement in the UK from next month. Up till now and for the short term […]

12 March 2015 by John Lappin

Pensions

Read More...

Labour’s income drawdown price cap plans – too early and far too easy

One gets a sense from the Labour opposition that if they are in doubt about an area of the market, they propose a price cap. They are proposing to do this for income drawdown. An announcement from the Labour leader Ed Miliband some time today but ‘prebriefed’ to the Financial Times neatly dovetails with a […]

6 March 2015 by John Lappin

Pensions

Read More...

Could the party policies on pension tax relief change your vote?

The amount of tax relief you get on your pension has become an election issue. The two governing parties and the main Labour opposition are adopting very different approaches. There has often been speculation that in these straitened economic and fiscal times the current Chancellor George Osborne would cut higher relief on pensions. Labour is […]

4 March 2015 by John Lappin

Pensions

Read More...

Want to change your financial life and much more? Life planning expert George Kinder says he knows how

George Kinder wants to spread the concept of ‘life planning’ around the globe and to the masses. Life planning is the branch of financial planning which aims to go deeper into someone’s life, circumstances and goals to help them identify and achieve what they really want. Its advocates say that it is about much more […]

19 February 2015 by John Lappin

Financial Planning

Read More...

It’s the nasty, unsuitable, unregulated overseas property schemes that are one of the biggest pension risks come April

What does it matter what people do with their own pensions savings and investments when it comes to taking an income? It matters quite a lot actually for a host of reasons including their own financial well-being of course. In our determination to fire nanny, or at least end the nanny state when it comes […]

27 January 2015 by John Lappin

Pensions

Read More...
1 2 3 4