News from Momentum

 

UK Budget 2017

Published: 09 Mar 2017

Philip Hammond delivered his first full UK Budget speech on Wednesday 8th March 2017, and delivered significant news for the International Pensions industry. Full details of the specific measures can be found here, which will be analysed in detail by us.

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In sickness and in health

Published: 25 Nov 2016

A good financial adviser will pride him or herself on getting to know a client inside out, often over a period of many years. They will go that extra mile to find out all about their client, whether it’s the obvious, such as attitude to risk and understanding their retirement ambitions, or the less obvious, such as family background.

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Pressure up on SIPP Interest Turn

Published: 25 Nov 2016

Research from Momentum Pensions shows the number of advisers who want an outright ban on SIPP providers earning money from retained interest charges in projections and reduction in yield calculations – the so-called “interest turn” from SIPP cash accounts – has almost doubled in the last six months.

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Transparency in the SIPP Industry

Published: 25 Nov 2016

Transparency in the retirement planning sector is no longer a nice-to-have; it is a must-have. We are all aware of the problems that have beset the financial industry in recent years. The best way to ensure the problems do not return is to do all we can to help the pensions industry remain open to scrutiny at all times.

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Autumn Statement 2016

Published: 24 Nov 2016

UK Chancellor of the Exchequer, Philip Hammond today delivered the last ever Autumn Statement, where the concept has now been abolished, and replaced by an Autumn Budget. In the future, the Chancellor will instead deliver a Spring Statement in response to statistics issued by the Office of Budget Responsibility, but this will not contain any fiscal measures.

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UK votes to leave the EU: Pensions Update

Published: 24 Jun 2016

The results are still to be officially announced, but it is largely confirmed that the UK will exit the EU. The UK Parliament still has to enact legislation to facilitate the UK’s departure of the European bloc, and it is envisaged that there will now be a two-year window to deal with the exit, which commences with invoking Article 50 of the Lisbon Treaty.

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