Personal pensions

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Personal pensions guidance:

FORTHCOMING DEVELOPMENT: On 30 July 2019 the Financial Conduct Authority (FCA) published a Consultation Paper CP19/25: Pension transfer advice: contingent charging and...

Practice Note

This Practice Note set out some of the key issues to be considered when acting on the purchase of a property from a Self-Invested Personal Pension (SIPP) or a Small...

Practice Note

What is an insistent client? The term ‘insistent client’ is commonly used to describe an individual who has received advice (ie a personal recommendation) and chooses to...

Practice Note

FORTHCOMING DEVELOPMENT 1: The Pension Schemes Bill 2019–2020 was published on 16 October 2019 and contained the outline of the framework for the production of the...

Practice Note

Establishing, operating or winding up: • a stakeholder pension scheme, or • a personal pension scheme are regulated activities under the Financial Services and Markets...

Practice Note

THIS PRACTICE NOTE APPLIES TO OCCUPATIONAL AND PERSONAL PENSION SCHEMES The Occupational and Personal Pension Schemes (Disclosure of Information) Regulations 2013, SI...

Practice Note

The introduction of personal pensions in 1987 was heralded as offering new choices for self-employed and employed individuals. However, it soon became apparent that the...

Practice Note

FORTHCOMING DEVELOPMENT 1: On 15 April 2019, the FCA published the consultation ‘Independent Governance Committees: extension of remit’ CP19/15 on proposed new...

Practice Note

Investment-regulated pension schemes (IRPSs) are a particular category of registered pension schemes that are subject to additional controls on the asset classes that can...

Practice Note

FORTHCOMING DEVELOPMENT 1: On 15 April 2019, the Financial Conduct Authority (FCA) published the consultation ‘Independent Governance Committees: extension of remit’...

Practice Note

THIS PRACTICE NOTE APPLIES TO PERSONAL PENSION SCHEMES This Practice Note looks at the disclosure requirements that were applicable to trustees (or managers) of personal...

Practice Note

Statutory development of personal pensions Retirement annuity contracts were the predecessor to personal pensions. They were introduced by the Finance Act 1956 to ensure...

Practice Note

On 6 April 2015, pension freedoms were introduced allowing members with flexible benefits (ie money purchase benefits and cash balance benefits) to access their pension...

Practice Note

Personal pension schemes—central role in private pensions sector Personal pension schemes, in their various forms, play a central and important role in the UK private...

Practice Note

Since the introduction of the pension flexibilities on 6 April 2015, changes have been made to legislation and the rules of the Financial Conduct Authority (FCA) Handbook...

Practice Note

With effect from 6 April 2015 (when the pension freedoms were introduced), provisions were inserted in legislation and the rules of the Financial Conduct Authority (FCA)...

Practice Note