ANNOUNCEMENT: Changes to our charging structure

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WED, 15 MAR 2017

We’re making changes to how we charge for our products and services. The changes we’re making are in line with our on-going strategy to position James Hay as a retirement focused platform. The pension market has seen remarkable changes in both regulation and legislation recently, which have resulted in increases in the costs associated with …

Budget bunkum – a comedy farce in two parts

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TUE, 14 MAR 2017

As soon as I say this relates to the Scottish Parliament and the Scottish Budget, many of you may stop reading and move on to attend other matters. However, if you have any Scottish clients or are just looking for some light relief and a laugh at the expense of those now blessed to have …

6 months on and are we any clearer on where pensions are heading?

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TUE, 07 FEB 2017

This time last year I was speculating about the possible changes to tax relief on pension contributions, the various options available and problems that would need to be resolved. Like most pre-budget speculation it turned out to be a damp squib and further major changes to pensions appeared to be put on the back burner. …

Stand-out Q – joint GIAs

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WED, 07 DEC 2016

Our Technical Hub provides access to a wide range of pension tax and trust technical resources. Every now and then we post tweets covering stand out questions from our technical content and our answers in case others might also find them helpful. As Twitter’s character restrictions only allow for the bare bones of the Q&A …

Don’t sweat the small stuff – the proposed reduction in the MPAA

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THU, 01 DEC 2016

You have to admit it was a bit of a throw away line by the Chancellor, he hardly even paused for breath when he said the money purchase annual allowance (MPAA) was to be reduced to £4,000 from April 2017. In the accompanying consultation document from the Treasury, it is stated that “the government does …

One careful owner

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MON, 28 NOV 2016

When the Government first announced its plans to create a market for secondary annuities it rang alarm bells. It was clear from the outset that the Government had no understanding of the annuity market and had given no serious thought as to the challenges that lay ahead, so it is not of any great surprise …

Back to the future with flat rate tax relief implications

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MON, 22 FEB 2016

As the Budget fast approaches there has been much speculation as to the outcome of the Green Paper – Strengthening the incentive to save: A consultation on pension tax relief. The aim of the Consultation is to consider how to incentivise more people to save for retirement with any Government support to be simple and …

Stand-out Q – RNRB

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TUE, 09 FEB 2016

Our Technical Hub provides access to a wide range of pension tax and trust technical resources. Every now and then we post tweets covering stand out questions from our technical content and our answers in case others might also find them helpful. As Twitter’s character restrictions only allow for the bare bones of the Q&A …

#TheRobotsAreComing

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TUE, 10 NOV 2015

If you want to know whether you’ll have a job within the next 20 years, why not see for yourself by searching the BBC’s helpful ‘Will a robot take your job?’ tool. It’s based on research by Oxford University’s Michael Osborne and Carl Frey who suggest that, by 2035, as many as 35% of us …

Stand-out Q – block transfer…

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THU, 05 NOV 2015

Our Technical Hub provides access to a wide range of pension tax and trust technical resources. Every now and then we post tweets covering stand out questions from our technical content and our answers in case others might also find them helpful. As Twitter’s character restrictions only allow for the bare bones of the Q&A …