Category Archives: Pension rules

Re-building initiative in SIPPs

Another budget, another pensions surprise. Rather than the usual crimping, however, this time we got a new initiative: to allow SIPPs and SSASs to convert commercial property with unused space to residential property. “Housing 2.18 Changes to pension investment rules … Continue reading

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Nothing in between Capped and Flexible? I can’t Adam & Eve it!

I’d like to share with you the extraordinary tale of two 60-year-old retirees, born on the exact same day. They are both in capped drawdown and they have both just received notification of their new income limits. Neither is happy.

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Learning the Wrong Lessons

This chap is on holiday in Hong Kong and he’s just ticked off one of the tourist classics – he’s had a suit made. He goes back to his Kowloon hotel to show his wife and, to his surprise, she … Continue reading

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Drawdown Rhetoric Should Be Capped

A tacit competition to find the individual whose drawdown income has fallen the most is raging like a hot new Olympic event. Some providers have then used this to argue that the way capped drawdown operates needs fixing. It’s straight … Continue reading

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How consumers really decide

Appalled by the FSA’s belief that key features illustrations and the requirements set out in its consultation paper CP12/05 (chapter 5 -pension scheme disclosure proposals) will actually help consumers make good decisions, I produced this real-world, personal example of how consumers really make decisions … Continue reading

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Do consumers need a kick up the arse?

There’s an awful lot going on in financial services and, a week or so ago, I was contemplating it all. “Aided” by the then warm, humid weather and mandated business attire in an office with no air conditioning or fans, … Continue reading

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Hidden histories, hidden heroes

Some people score goals, some don’t. I’m not talking about footballers’ prowess (on the pitch, for the avoidance of doubt). I mean that some people are defenders. And I’m not just talking about football or even sport in general: it’s … Continue reading

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A picture tells a thousand words

We’ve heard the saying a thousand times. Yet, when I look at pensions, which is most days, I see thousands of words and very few pictures. Just recently I had to do a little routine maintenance on our washing machine … Continue reading

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What trees in conservation areas have to teach pension policymakers

If you’ve never had a problem with a tree in a conservation area, you’ll straight away be wondering where on earth I’m going with this. Don’t worry, it’s simple to explain. If you own a house in a conservation area … Continue reading

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Drawdown or annuity: do folks know what they are doing?

My e-friend (have I just coined a new phrase?) Henry Tapper recently challenged how many people in drawdown really know what they are doing. Follow the link if you’d like to check it out for yourself. http://henrytapper.com/2010/11/06/you-dont-know-what-youre-doing/ If you’d prefer a … Continue reading

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