Menu
Pensions Related News Two

Following on from last week’s article, herein the second free Pension News bulletin from Paul Clark of Russelldene Consulting Ltd.

You can see the bulletin here.

I would draw your particular attention to the first article and the revised GAD tables and the impact this will have on reviews of capped drawdown on or after 6 April 2017.

I would also highlight the requirement for advisers to issue a prescribed HMRC letter to clients who hold non UK assets, investment or have non UK sourced income. This seems to include offshore bonds and failure to issue the letter may result in a £3,000 penalty per client.

For those who missed last week’s ATEB News, the first issue is available here.

There is normally a charge for this bulletin but for the first four issues, these will be provided free of charge via the ATEB newsletter. Thereafter, those interested in receiving the bulletin on an ongoing basis should contact ATEB for more information.

Don’t forget to check Our View about this article and the Actions Required By You

Pensions Related News Two

Important Note: ATEB news is intended to provide general information ONLY. The content, including any views expressed or guidance provided, does not replace the need to comply fully with FCA Rules and Guidance. Unless you have discussed news article content with ATEB, and specifically how it relates to your circumstances, then ATEB disclaims all liability and responsibility and actions arising from any reliance placed upon it. For the avoidance of doubt therefore, any reliance you place on such information without our consultation is at your own risk.

ATEB Compliance offers compliance and regulatory advice.

ATEB Suitability provides report writing software for the financial services market.

SUIT - Beautiful Reports
CREATE BEAUTIFUL
SUITABILITY
REPORTS
TRY IT FOR FREE
SUIT - Complete Control
TAKE BACK
CONTROL OF YOUR
SUITABILITY REPORT
PRODUCTION
TRY IT FOR FREE
SUIT - Comp confidence
SUITABILITY
REPORTS
WITH FULL
COMPLIANCE
CONFIDENCE
TRY IT FOR FREE
previous arrow
next arrow

About the Author

Contact Us

Brought to you by

Explore more articles in this category

Other articles that you might be interested in

windmill, sustainable, ESG,Clouds dawn dusk electricity

ESG, ESG, ESG!

Compliance , , , , , , , ,

Well, 21 March has come and gone and, while it is presumed that the EU’s new disclosure rules around sustainable investments might have gone live on that date as scheduled, nothing much happened in the UK that day. At least not much related to ESG, if you ignore the apparently ever-increasing number of articles on […]

Read More
objectives

FG 21/3 – client objectives

Compliance , , , , , ,

Following on from our previous articles on FG21/3, we will look today at another of the interesting areas covered by the guidance. It goes without saying that the guidance itself is helpful, reiterating and emphasising previous rules and guidance and clarifying some areas that were arguably fuzzy before. However, as well as the actual content, […]

Read More
White book in white table near yellow wall

STOP PRESS: Directory Persons Information

Compliance , , , , ,

We have received the following from the FCA. ATEB can help firms get over the line – call +44 (0) 191 338 8177 or email info@atebcompliance.co.uk “As you are aware, solo regulated firms were required to assess their certified staff as fit and proper; and submit relevant Directory Persons information to us by 31 March […]

Read More
calculation redress

Changes to DB Transfer redress calculations – an update

Compliance , , , ,

We wrote about the background to updated redress guidance following the Chancellor’s announcement of changes to the way that the Retail Prices Index (RPI) inflation measure is calculated from 2030. You can read that article here. The FCA’s transfer redress guidance has now been duly updated and can be accessed here. The changes affect all […]

Read More
Green dart pointed to dartboard

Recommending a ‘do not transfer’

Compliance , , , ,

Here is a question. If a client is being recommended NOT to transfer, do you still need to identify a destination arrangement for transferred funds? This question has been raised recently as we have seen an increase in the number of cases where the recommendation is ‘do not transfer’ and, at first sight it seems […]

Read More
Load More