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News
3 in 5 millionaires have considered UK exit over tax
5+ day, 3+ hour ago (533+ words) Three in five millionaire investors have considered leaving the UK because of rising taxation and the threat of higher taxes, according to new research. The research also found that more than one in 10 (16%) of the 341 millionaires surveyed by HNW investment…...
Aberdeen adds former insurance exec as new Chair
5+ day, 3+ hour ago (449+ words) Aberdeen has appointed Torbjörn Magnusson as chair-designate and non-executive director following the departure of Sir Douglas Flint. Sir Douglas stepped down as chair at the 2026 AGM after serving in the role since 2019, with Jonathan Asquith serving as interim chair since…...
Eddie Grant: A??446bn 'hidden' opportunity for planners
1+ week, 5+ day ago (578+ words) PFS director and disability and inclusion campaigner Eddie Grant FPFS, a Chartered Financial Planner, explains how the forthcoming Disability Access Symposium can offer Financial Planners the chance to unlock a £446bn opportunity. Disabled customers represent one of the largest untapped market…...
Professionals urge stronger SIPP consumer protections
2+ week, 5+ day ago (408+ words) The Society of Pension Professionals (SPP), which represents more than 20,000 pension professionals, has called for stronger protection for consumers who use SIPPs (self invested personal pensions). However, it has warned that better protection, as proposed by the FCA, could damage…...
PFS's Matt Connell: How Planners can adjust to new PM
2+ week, 6+ day ago (311+ words) In this column for Financial Planning Today, Dr Matthew Connell, director of policy at the Personal Finance Society, looks at what a new Prime Minister might mean for Financial Planners and how they can meet the challenges of a changing…...
Taxable pension withdrawals top??75bn for under-65s
3+ week, 3+ day ago (232+ words) Seven in 10 (70%) of the 3.42m people who have taken taxable payments from their pension pots since the inception of ‘pension freedoms’ in 2015 were under the age of 65. Analysis of HMRC data showed 2.4m people first took a taxable flexible pension payment when…...
Standard Life teams up with new partners on??2bn pension risk business
3+ week, 3+ day ago (211+ words) Standard Life has partnered with CVC, Prudential Financial, Goldman Sachs and MS&AD to expand its pension risk transfer business. The partnership has a combined initial capital commitment of up to £2bn. It will enable Standard Life to offer trustees and…...
Salary sacrifice changes will cost business??2.9bn a year
3+ week, 4+ day ago (348+ words) UK businesses will pay 78% (£2.9bn) of the £3.7bn extra tax the Government expects to raise yearly with its salary sacrifice pension changes from April 2029, according to analysis from Financial Planning firm Bowmore Wealth. Former Chancellor Rachel Reeves, now replaced by John Healey,…...
State Pensions look likely to rise by over??500 next April
3+ week, 6+ day ago (365+ words) The State Pension is likely to rise by just over £500 next April, with the increase set to be based on next month’s average earnings figure. Experts predict the rise will be higher than the two other components of the Triple…...