HMRC hands lifeline to Brits with LTA protection
AJ Bell says abolishing the lifetime allowance ‘comes with a nasty sting in the tail’ for others
AJ Bell
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‘Seismic change’ in pension tax landscape as lifetime allowance scrapped
MPAA has been reset to £10,000 and annual allowance will be £60,000
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Pension dashboards ‘at risk of being mothballed’
As DWP announces programme will be delayed and ‘reset’
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UK advisers to shun simplified ‘core advice’ model
‘Targeting more wealthy clients’ and ‘fees will be too low’ are main arguments against the FCA’s plans
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‘Detective’ investors blocked £2m of scams in 2022
39% claim that their investigative and research skills are helping them spot signs of fraud
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Pressure mounts over MPAA reforms
But Treasury holds its ground despite growing number of over-55s breaching the tax-free contribution limit
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DWP unveils review of The Pensions Regulator
Former FCA director of competition and chief economist will head up the report
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Can pensions and insurance policies help pay for social care?
Trade body calls for more favourable measures following delay to UK reforms
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Pension freedoms reform proposals ‘deeply controversial’
Capping the 25% tax-free lump sum could disincentivise people from saving into a pot
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PEOPLE MOVES: Abrdn, LGT WM, Deutsche Bank
Asset manager hires CIO, as wealth firm promotes five to partner
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UK turns to industry to solve £26bn lost pensions problem
‘It is time for the DWP to get off the fence and take action’
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Cost of pension tax relief surpassed £50bn in 2021-22
But this should not become a justification for cuts