Canada Life’s Thompson on flexible reversionary trusts
Canada’s Life’s tax and estate planning consultant Paul Thompson outlines the benefits of flexible reversionary trusts.
Retirement
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UK Treasury claims pensioners could lose £32k in Brexit vote
The UK Treasury has claimed a vote to leave the European Union could see almost £5,200 ($7,640, €6,835) wiped off the value of some pension pots.
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ABI grasps the pensions dashboard nettle, plans prototype
The Association of British Insurers (ABI) is best placed to drive forward the delivery of a pensions dashboard, including the possible creation of a prototype, it announced on Thursday.
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UK allowance changes drive retirement plan demand: Boal & Co
John Batty, technical sales manager at Boal & Co, looks at the current offshore retirement funding solutions and how they work for UK residents in light of recent regulatory changes.
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FCA to cap pension exit fees at 1%
The UK’s Financial Conduct Authority looks set to cap exit charges for existing contract-based personal pensions, including workplace personal pensions, at 1% of the value of a member’s pot.
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Apfa’s Hannant brands BoE adviser criticism ‘unhelpful’
Chris Hannant, head of the Association of Professional Financial Advisers (Apfa), has hit back at Bank of England economist Andy Haldane’s remarks that financial advisers have “no clue” about pensions by branding them “unhelpful”.
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IFAs have ‘no clue’ on pensions – Bank of England economist
The Bank of England’s chief economist Andy Haldane has said that financial advisers have “no clue” about pensions, while admitting that he himself cannot make the “remotest sense” of them.
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Poor portfolio diversification top mistake by HNWIs: deVere
The mistake made most often by high net worth investors, prior to seeking financial advice, was failing to properly diversify their portfolios, according to an international poll by deVere Group.
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Quality stamp may allow Sipps to be bought without advice
A new UK quality mark aimed at helping consumers choose self-invested personal pension (Sipp) products without the help of an adviser will be launched this summer.
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Excessive due diligence not expected of UK Sipp providers
The UK’s Pensions Ombudsman has found in favour of Sipp providers in a case where a client made non-regulated investments without seeking financial advice.
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Portugal: the safe haven in the sun
Increasing numbers of high-value professionals are benefiting from bilateral double-tax agreements that offer Portuguese non-habitual residents qualifying income tax-free in a safe haven.
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Investment scams growing rapidly in Australia
The number of investment scams detected in Australia doubled in 2015 and overtook dating and romance scams as the category with the largest financial losses reported by Australians.