Aj Bell
A Covid-19 tax relief raid could exacerbate generational pensions divide
With rumours once again swirling around the future of pensions tax relief in the run up to this year's Budget, any reduced incentive for long-term savers could risk further exacerbating the generational divide in pensions, says Tom Selby
RPI reform to cost schemes and investors up to £130bn
Potential changes to the way the Retail Prices Index (RPI) is calculated and reported could cause assets to fall by between £60bn and £130bn, according to various estimates.
Why coronavirus could cause a 1990s-style bubble in risk assets
The coronavirus outbreak will significantly impact risk assets over the coming "years, rather than months", according to economist and author Anatole Kaletsky, who warned that central bank reactions to the illness could artificially inflate asset prices...
Update: Cost to Woodford investors revealed
Investors in the LF Equity Income fund, formerly run by Neil Woodford, will receive 75.55% of the value of the assets of the fund in the first capital distribution, priced between 46p and 59p per unit they hold, Link Fund Solutions has said.
Link reveals price of first distribution to Woodford investors
Investors in the LF Equity Income fund, formerly run by Neil Woodford, will receive between 46p and 59p per unit they hold in the fund for their first capital distribution, Link Fund Solutions has said.
Government announces March Budget
HM Treasury has confirmed that the government will hold its Budget on 11 March.
DWP annual benefit statement consultation questions voluntary adoption
The Department for Work and Pensions (DWP) has launched a consultation setting out proposals for the adoption and launch of simpler annual benefit statements. Holly Roach reports
General election 2019: the pensions manifesto the industry wants to see
With political parties drawing up their manifestos for next month’s general election, Kim Kaveh explores the industry’s ambitions for future pensions policy.
Industry calls for simpler pensions tax system
The government should review pension tax rules and simplify the system, according to AJ Bell and the Association of Consulting Actuaries (ACA).
Life expectancy grows but slowdown in improvements continues
British people born between 2016 and 2018 are expected to live up to 4.2 weeks longer than those born in the 2015-17 period, according to the Office for National Statistics (ONS).
Investment fraud reports surge to more than 8,000 so far this year
More than 8,000 investment fraud reports have been made so far this year, more than double the amount in the same period last year, a Freedom of Information request has revealed.
Pension participation rises to 87% of eligible workers
AE has had 'truly staggering' impact
HMRC ditches appeal over lifetime allowance breach
Accidental breaches of lifetime allowance fixed protections could no longer result in onerous tax bills after HM Revenue and Customs (HMRC) dropped its appeal of a landmark case.
SFGB renamed Money and Pensions Service
The Single Financial Guidance Body (SFGB) will be rebranded as the 'Money and Pensions Service', the government has announced.
Savers overtaxed £400m by HMRC on pension freedoms
HM Revenue and Customs (HMRC) has taken over £400m too much in tax from savers accessing their pensions since the introduction of Freedom and Choice in 2015.
Net pay issue to widen as AE lower earnings limit rise confirmed
Low earners in net-pay schemes will lose out on more pensions tax relief as the gap between auto-enrolment (AE) qualifying earnings and the personal tax allowance widens.
Four fifths of LISA users also save into workplace pensions
The Lifetime ISA (LISA) has not caused an exodus from workplace pensions as feared, research by AJ Bell finds.
HMRC pays out £38m to pension freedom users after overtaxing
HM Revenue and Customs (HMRC) has had to pay £38m to pension freedom users after more than 18,000 counts of tax overpayment were reported.
Lifetime allowance to rise to £1.05m as inflation falls to 2.4%
The lifetime allowance will rise to £1,054,800 from April next year as the Office for National Statistics (ONS) recorded inflation at 2.4% in the year to September.
Treasury rejects tax relief reform citing 'significant impact' on schemes
The government has rejected the Treasury Committee's call for fundamental and incremental changes to pensions tax relief, noting there is "no clear consensus".
MPs call for abolition of LISA just 16 months after launch
The Treasury Committee has called upon the government to abolish the lifetime ISA (LISA) just 16 months after it was first made available, after receiving persistently negative feedback on the product.
Cold-calling ban consultation 'imminent', Treasury says
A consultation on a cold-calling ban will be published "imminently", the government has said as it laid out plans for the policy.
Pension transfers hit record £10.6bn in first quarter
Pension transfers increased to a record £10.6bn in the first quarter of this year, Office for National Statistics data reveals.
TPR to boost staff by 12% for more visible and forceful action
The Pensions Regulator has suffered what some critics call an 'annus horribilis'. James Phillips looks at how the watchdog has responded in its latest corporate plan.
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