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News - SSASs
Retirement Planner’s round-up of the top pension stories this week.
Her Majesty’s Revenue and Customs (HMRC) is investigating the “aggressive promotion” of using intellectual property (IP) to borrow money from small self-administered pension schemes (SSAS).
Over 70% of SIPP and SSAS providers think last year’s reduction in maximum drawdown rates was wrong, according to research by the Association of Member Directed Pension Schemes (AMPS.)
Other News - SSASs articles
Retirement Planner’s round-up of the top pension stories this week.
Department for Work and Pensions (DWP) has to bring in urgent reforms to ensure SSAS schemes are not penalised by new requirements under the Pensions Act, says Rowanmoor Pensions.
The consolidation of the SIPP provider space will be stalled by the declining value of some firms, according to Tim Sargisson, managing director of James Hay Partnership.
Shadow pensions minister Gregg McClymont said he is willing to listen to the industry over fears for scheme pensions.
The Association of Member-Directed Pension Schemes (AMPS) yesterday elected two new committee members.
SIPP providers have increased their level of screening for poor or unsuitable investments within their schemes.
Rowanmoor delayed a fund switch within a pension for almost a year, costing a group of clients more than £5,000, the Pensions Ombudsman (PO) has ruled.
Employers who run occupational small self-administered pension schemes (SSAS) have been warned about the tax implications of using encumbered assets as collateral when they take loans from their schemes.
Mary Stewart warns of turbulent times ahead for SSAS if A-Day rule changes are not implemented
The Chancellor should use the next budget to remove "nonsensical rules" governing pension scheme investment in taxable property, Rowanmoor Pensions says.
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