Six warning signs that mean you should change SIPP provider

Self-Invested Personal Pensions (SIPPs) are mainly used by savers and investors who want more flexibility than is offered by more traditional pension options. We’ve previously written about how to choose the right SIPP. But how do you know, years after you have made that decision, whether your SIPP provider is still right for you? Over the past few years the SIPP market has been through a period of considerable change. New rules, imposed by the regulator, the curse of toxic assets and a series of high profile mergers and acquisitions have all ...

Retirement: Is now the right time to transfer your Final Salary pension?

TransferOver the past few weeks we’ve seen several stories in the personal finance press imploring you to transfer your Final Salary pension. Frankly, this worries us. So, we thought we’d look at some of the issues in more detail. Firstly though, we should point out that this article equally applies for Final Salary and Defined Benefit pensions. But for ease, we’ll just use the Final Salary term from now on. To stoke the fires, this weekend saw Royal London, a pension provider, report that Cash Equivalent Transfer Values (CETVs), the technical term for the pot of ...

SIPPs: Consolidation, charges and clarity, a look back over 2016

Straight open road to upcoming 2017 at idyllic sunsetThe Self-Invested Personal Pension market has seen an unprecedented year of change, and we still have two months to go! Three key themes have emerged over the past 10 months; consolidation, charges and clarity. Not all the changes have been positive for consumers, with prices rising and competition falling. Let’s look at all three in more detail. Consolidation – on the rise The year started with Curtis Banks acquiring Suffolk Life in one of the largest ever deals of its type. The pace of consolidation hasn't slowed ...

Pensions: 3 reasons why you shouldn’t use your pension to fund your business

Pension Retirement Income compensation Office Business Concept We often get phone calls from people wanting to use their pension to help start a business, or indeed plough money into an existing business, which is often facing financial difficulties. In fact, we’ve seen an increase in the number of enquiries of this nature, partly we believe due to Pension Freedom, which gives people over the age of 55 greater access to their pension. It’s also possible that wider knowledge of self-invested pensions has a part to play too. In our view, using your pension ...