5 things we’ve learnt in the first week of Pensions Freedom

5 things we've learnt about pension freedoms in the first weekAfter just a year of ‘development’, the first few days of Pensions Freedom were always going to be interesting. Some people were predicting ‘pension Armageddon’ with thousands rushing to cash in their pension, whilst others thought it would pass more quietly. So what actually happened? Here are five things we’ve learnt in the first week of Pensions Freedom. #1: The pension scammers are out in force Pension scams are nothing new, but the new rules certainly seem to have given scammers and cold callers ...

Automatic Enrolment: Small firms face potential cashflow catastrophe

cash flowSmall business owners have been warned that failure to comply with Automatic Enrolment legislation could have a catastrophic effect on their cashflow. The research from Standard Life, has highlighted the cost to small businesses of not complying with the legislation, which could run into tens of thousands of pounds. Potential costs include: A fixed penalty notice for non-compliance of up to £400 An escalating penalty notice, again for non-compliance, of between £50 and £10,000 per day, depending on the number of employees you have A civil penalty notice, where contributions are not paid, of ...

Automatic Enrolment: 6 tips to help you choose the right pension scheme

Automatic Enrolment: 6 tips to help you choose the right pension schemeTo comply with the Automatic Enrolment rules employers have to make a series of difficult decisions and none are harder than deciding which pension scheme to choose. It’s unlikely you are a pension expert, but unless you decide to outsource your Automatic Enrolment project to an adviser, that’s exactly what you will need to become. So how do you go about choosing the right scheme? What factors should you take into account? What are the pitfalls you should look out for? Here are six ...

SIPPs: Standard Life put an end to SIPP borrowing

SIPPs: Standard Life put an end to SIPP borrowingIn a surprising move, Standard Life has announced it will no longer allow SIPP (Self-Invested Personal Pension) investors, to borrow money to purchase commercial property. Do you want to buy a property with your SIPP or simply have a question?...