Guest blog: Future of pension tax reliefs and tax-free lump sums questioned…again!

Guest Blog AJ Bell 150pxIn his first guest blog for us, Mike Morrison Head of Platform Marketing at SIPP provider AJ Bell, looks at the latest call for changes to the system of pension tax reliefs and tax-free lump sums. You go away for a couple of weeks holiday in the summer thinking – it’s summer, it’s hot, we are winning sporting events and there is a royal baby on the way. Surely pensions will be low on the ...

SIPPs: Suffolk Life to buy the Origen SIPP book

SIPPs Suffolk Life to buy the Origen SIPP bookThe consolidation of the SIPP (Self-Invested Personal Pension) market continued today, with the announcement that Suffolk Life will acquire 400 SIPPs plans from Origen. Origen, a national firm of Independent Financial Advisers (IFAs) owned by Aegon, is pulling out of the SIPP market, but will continue to act as advisers to the scheme members. No details of how much Suffolk Life paid for the book of 400 SIPPs has been released, however the Ipswich ...

Pensions: 75% of people think future generations will be worse off in retirement

Pensions: 75% of people think future generations will be worse off in retirementA new survey has shown how our attitudes towards retirement are changing. The catchily titled ‘Changing Face of Retirement: The Workplace Perspective report’ produced by Aegon has thrown up some very interesting findings about how different generations view their retirement planning. The changing face of retirement The report surveyed 9,000 people and looked at how retirement planning in many different countries has changed in response to an aging population ...

Retirement: Why 21st December 2012 is a key date for male retirees

Everyone knows that Annuity rates have fallen significantly over recent years. The latest dip in gilt yields, to their lowest level since the 1700’s, has done nothing to help the problem. Gender Directive to affect Annuity rates? The issue is likely to be compounded for men by the implementation of the European Union Gender Directive on 21st December 2012. The ruling means that Annuity providers will not be able to discriminate between men and women when they set Annuity rates. Any pension calculator will show that men get better Annuity rates than women, due to the simple fact that they don’t ...