Following the release of a consultation paper on 10th February 2021 by HM Treasury, we have now added a ‘Proposed changes to Normal Minimum Pension Age (NMPA)’ section within the ‘Retirement Advice’ page of the main Suitability Report template.
This includes a standard text option, pre-ticked for inclusion in all retirement advice reports, informing clients that the NMPA will increase from 55 to 57 on 6 April 2028, and that this new NMPA will potentially apply to all new pension plans started or transferred after 10 February 2021.
For more information on the NMPA consultation please see the following article written by our sister firm ATEB Compliance: https://news.ateb-group.co.uk/increasing-the-normal-minimum-pension-age
In addition to the change above we have also amended the following Content Management options within the system:
- Following the purchase of Zurich’s retail platform and multi-asset fund business by Embark, the ‘Zurich Platform’ has now been replaced by ‘Advance by Embark’ and the current Zurich Multi-Asset fund range has been reassigned to new Provider ‘Horizon by Embark’.
- We have updated the names of a number of funds to remove duplication of provider/platform names within recommendations.
- Following EValue’s rebrand to EV, we have updated their risk profile descriptions and name within the Content Integrations page.
Please don’t forget we have a collection of ‘how to’ guides, articles and hints/tips via our FAQs which are available on our Help & Support Portal.
Our support team are available 9am – 5pm / Mon – Fri to answer any further questions you may have firstname.lastname@example.org / 0191 338 8177.