New non-contingent charging for defined benefit pension transfers

New non-contingent charging for defined benefit pension transfers – from October 1st,  2020 The FCA have ruled that from the 01.10.2020 all defined benefit (final salary) pension transfer advice must be provided on a non-contingent basis, excepting in some very limited circumstances. This means that irrespective of the outcome of the advice, the client will … Read more

Size of final salary pension transfer values soar during lockdown

£20 notes lying on table to depict UK pension transfer values

Emma Agyemang (Financial Times 29/08/2020) writes about; the upsurge in pension transfer values during Covid, the fall in overall pension transfer activity, and possible impact of new contingency charging on finding good advice… Size of final salary pension transfer values soar during lockdown “Average values rise by 30 per cent to £550,000 as those with … Read more

Final salary pensioners left adrift by new law

mature woman to go with pension transfer article

Retirees left adrift by looming pensions advice gap Final salary pensioners face a shrinking pool of professionals willing to give vital financial advice. Laura Miller (interactive investor, 7/09/2020) writes about the possible repercussions from a new law taking effect 1st  October where financial advisers will no longer be able to offer clients the option to … Read more

Patience & planning are key in uncertain markets

Volatility in the investment markets continued last Thursday (12 March, 2020) as global markets reacted to measures enacted by governments around the world in response to the impact of the Coronavirus outbreak. In the UK, the FTSE 100 index fell 10.9% and in the US the Dow Jones Industrial Average index dropped 10% as the … Read more

Our response to Covid-19

hand washing representing coronavirus/Covid-19

Our Response to Coronavirus/Covid-19 As you are aware the spread of Covid-19 has created an unprecedented situation with health and wellbeing the most important considerations. With this in mind we are temporarily suspending normal face to face meetings. Whilst our business remains open we have arranged for advisers and our admin team to continue to … Read more

Spring Budget Summary 2020

Spring Budget Summary 2020 Click here ‘Spring Budget Summary 2020’ to read Quilter Financial Planning’s summary of Rishi Sunak’s Budget speech, covering; Budget highlights Personal taxation Pensions, savings and investments Capital taxes Business taxes VAT Tax avoidance and evasion Tax tables       This Budget Statement summary is provided strictly for general consideration only. … Read more