Dentons blog
Our blogs express an opinion as at the date they are written but statements and views may now be different, for example, due to pension legislation changes. Please contact us if you need any clarification.
Posted on 04/01/2011 by
Global Administrator | with 0 comments
SSAS schemes have seen a revival in interest as bank lending has been tightened over the last 18 months. If a company is looking to replace bank borrowing with that from its own pension scheme, the merits are clear to see but only if HMRC regulations are thoroughly considered and met.
All post A-day lending must be secured with a first charge and whilst HMRC do not publish a list of acceptable assets, some, if called upon in the event of security, create their own problems.
Read more
Posted on 24/02/2011 by
Global Administrator | with 0 comments
Martin Tilley states: 'When I first started in the pensions industry some 28 years ago, one of the first rules drummed into me was that the tax reliefs granted on contributions and growth within a pension scheme were allowed as the proceeds would provide an income in retirement for the life of the member.
Indeed, back in those days, annuitisation was compulsory to ensure this."
Read more
Posted on 14/03/2011 by
Global Administrator | with 0 comments
The revisions to drawdown will result in material reductions to those currently enjoying maximum withdrawal. This seems to be pushing those individuals towards Flexible Drawdown and we have already seen significant interest in this, as one of the few providers having the capability to offer it from 6 April 2011.
Read more
Posted on 11/05/2011 by
Global Administrator | with 0 comments
SIPP Providers imposing third party property managers are losing business to those applying a more common sense approach.
Read more
Posted on 24/06/2011 by
Global Administrator | with 0 comments
Whilst we still await the full details of the Minimum Income Requirement to enable confident use of Flexible Drawdown, the effects of Capped Drawdown are being seen on individual's whose formal reviews are now falling due.
Read more
Posted on 06/06/2011 by
Global Administrator | with 0 comments
Speculation around the income that can be used to satisfy the Minimum Income Requirement (MIR) and thus enable use of Flexible Drawdown continues and we believe it is wrong to allow clients to effect such arrangements until we are sure there are no 'suprises'.
Read more
Posted on 07/07/2011 by
Global Administrator | with 0 comments
Will we end up with a few SIPP Providers offering package products rather than a personal service? Either way, Darwin’s principle of evolution will have to apply: only the strong will adapt and survive.
Read more
Posted on 24/08/2011 by
Global Administrator | with 0 comments
As concerns grow regarding the United States economy and the health of Europe's banks, the price of gold has hit an all-time high of $1,867.
Read more
Posted on 03/10/2011 by
Global Administrator | with 0 comments
With annuity rates declining and GAD rates hitting an all time low this month, interest abounds in Scheme Pension as an alternative.
Read more
Posted on 14/11/2011 by
Global Administrator | with 0 comments
Capital adequacy is coming under scrutiny by the FSA but is a blanket view of the industry really fair?
Read more
Posted on 05/01/2012 by
Global Administrator | with 0 comments
Clients could see a 50% drop in permitted income under capped drawdown.
Read more
Posted on 01/02/2012 by
Global Administrator | with 0 comments
Dentons has launched a new self-invested personal pension (SIPP) product, which it claims will be ‘one of the most flexible pensions on the market’.
Read more