No one expected the abolition of the LTA in the Budget. Rumours always abound within the industry the week before, but major structural changes rarely happen. The industry expected the limit to be restored to £1.8m, but the Chancellor went even further, with the abolition of the LTA completely. The rationale was to encourage highly […]
The truth about pension fees and charges
New disclosure regulations for investments into financial products have obliged providers to make major changes to how pension fees and charges are presented to investors. These rules apply to all investment funds, pension plans, and QROPS trustee fees. Not only must pension fees and charges be disclosed before an adviser can complete an application, but […]
QROPS code of conduct
Financial advisers on QROPS in the Netherlands, France, and Spain may soon be invited to subscribe to a ‘code of conduct’ by fellow industry professionals. There has been a buzz among advisors on the ‘net’ about the quality of advice offered to people that seek to move their UK pensions overseas into qualifying recognised overseas […]