Tag Archives: SIPP providers

Two Sorts of Capital Punishment

There is a massive issue in the SIPP industry at the moment: the FSA’s proposals for a new SIPP capital adequacy regime. There’s a big difference between capital adequacy and capital punishment but, nonetheless, it seems the difference needs clarifying. … Continue reading

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Play Your Cards Right

You may be surprised to learn that many years ago I was a casino manager. For those who know no better, this conjures all sorts of visions: Vegas, excitement, Robert De Niro and gangsters. I can assure you, they are … Continue reading

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Technology ate my SIPP!

I’m speaking at the Henry Stewart SIPPs & Retirement Options briefing on 28th March on “Where now for SIPPs” and I can’t resist giving a little taster. The session essentially asks that I predict the future, something that weather forecasters … 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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Do you feel lucky?

You gotta ask yourself a question: do I feel lucky? At the end of my last blog post I promised to consider how we might look at the last golden decade or more in SIPPs. Here goes … Twelve years … Continue reading

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The Fall and Rise of Sipphound

I’m sure, like me, you’re old enough to remember the energy of Leonard Rossiter and the eccentric character he played, Reggie Perrin. (I’m confident too that, working in pensions, we’re allowed to talk about age.) Well, in a matter of … Continue reading

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Bend-over-backwards-flexible drawdown

Among the changes and conditions brought by the new drawdown rules is the tax position on death in drawdown – namely the tax charge on a lump sum death benefit rising from 35% to 55%. That has led many to … Continue reading

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For everything else, there’s flexible drawdown …

Just how flexible could flexible drawdown get? Once the Minimum Income Requirement (MIR) has been met, flexible drawdown comes with no limits on the amount that can be withdrawn or the frequency of withdrawals. What might pension – and in … Continue reading

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Rising interest in falling interest – how interesting!

It’s been common knowledge for quite a while that many SIPP providers do not pass on the full rate of interest they receive on cash on deposit to their plan holders. Every now and then this story does the rounds. … Continue reading

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Capped drawdown or flexible drawdown?

When new drawdown pension options are made available by SIPP and other pension providers from 6th April 2011, financial planners will be helping some of their clients decide which is most suitable. a choice between capped and flexible access The … Continue reading

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