Guest Blog: Fight the good fight

Dentons In his latest guest blog for us, Martin Tilley of Dentons takes a swipe at those people trying to scam and con you out of your hard earned pension pot. There are many reported instances of “cons” taken from the phrase confidence trickster dating back centuries, but the first chronicled use of the word “con man” appears in the trial of William Thompson, a New Yorker who persuaded his targets to lend him their watch for a day, before disappearing never to be seen again. There will always be those who try ...

SIPPs: Is the door slowly closing on deposit accounts in SIPPs?

SIPPs: Is the door slowly closing on deposit accounts in SIPPs?It often takes time for the unintended consequences of new rules to be fully understood. This is certainly true of the latest Policy Statement from the Financial Conduct Authority entitled “A new capital framework for Self-Invested Personal Pension (SIPP) Operators”, also known as PS14/12 for short. If you work in the SIPP industry you will already be very familiar with this document. If you are a SIPP investor we’d happily place a bet that you probably haven’t heard of PS14/12, definitely not ...

Guest blog: Assessing the pudding before the eating

DentonsMartin Tilley, Director of Technical Services at Dentons, looks at how you can assess the quality of service they can expect to receive if they move SIPP (Self-Invested Personal Pension) provider. How do you know you’re not jumping out of the frying pan into the fire? When entering a restaurant, and selecting a dish, a patron will have some idea of what should be served to up to them by reference to the menu, but their satisfaction will only be confirmed once they have sampled the dish and experienced the quality of ...

SIPPs: Providers split on whether investment choice should be restricted

Providers split on whether investment choice should be restrictedSelf-Invested Personal Pensions (SIPPs) are popular with investors mainly because of the investment flexibility they offer, compared to other forms of pension. However, regulators have warned that some investors, as well as unscrupulous advisers and salespeople, are taking advantage of this flexibility by taking out or selling investments, which may not meet HMRC rules and could therefore lead to unforeseen tax charges. One possible solution, to the problem of assessing whether an investment meets HMRC rules, and therefore avoid a tax penalty, would be ...