The article discusses the author's view on the turbo-charged small pots rule for pensions in Great Britain. He outlines some of the changes to the rule including the minimum pension age for retirees. T...
Cleaning up of historic deferred pension pots could be done as a second phase, once the pension dashboards are in place, by re-using the newly set up ISP infrastructure. Does the member really need investments in illiquid assets? I think that is an open question, and one that trustees ...
摘要: The article reports on the request of Stephen Gay, director general of the Association of Independent Financial Advisers (AIFA) in Great Britain, to financial advisers to support the debate regarding the management of people with small pension pots....
Industry members have responded to the Department for Work and Pensions’ call for evidence on small pots issue, with some arguing there is need for “further discussion”.
All of the trustees jointly control the scheme The individual has control over their pension No individual pension pots; percentage share of overall fund instead. Funds may be notionally earmarked depending on scheme rules. Entire pension fund belongs to the individual WARNING: We cannot tell you ...
Pension Schemes Bill This will introduce new rules and requirements to help increase the amount available for private pension savers and provide higher retirement incomes.The government has saidthat this bill “could help an average earner, who saves over their lifetime in a defined contribution sche...
Allow you to make your own investment decisions within what is permitted under HMRC rules Provide a retirement income Allow you to choose when you draw benefits (providing you are over the age of 55) Provide your dependants with a lump sum, pension income or combination of both on your dem...
In today’s modern world, many of us have our finances organised withshare ISA accountsand pension pots but have you ever thought about where these came from, or how eachsavingsinitiative has changed over the years? Online investment company, True Potential Investor, has taken a step through ...
Byline: Alex Brummer and James ChapmanHUNDREDS of thousands of savers who have built up small pension pots are to receive a major boost from George Osborne in next week's Budget.The Chancellor will relax rules to enable retirees with modest nest eggs to take them as cash lump sums, the ...
In this article the author suggestions to deal with small pension pots through keeping the existing rules requiring member consent to transfer a small pot, all small pots to be transferred to Nest, and transferring small pots to the new scheme a m...