Tax / Sanlam UK launches inheritance tax planning service

Wealth management company Sanlam UK has launched an inheritance tax (IHT) service, based on investments in the AIM market with tax planning as part of the offer

Insight / Pensions regulator to take pub chain to court

The Pensions Regulator (TPR) has announced it is to prosecute the pub chain Samuel Smith Old Brewery (Tadcaster) and company chairman Humphrey Smith for failing to provide information and documents required for an ongoing TPR investigation

Insight / Economic trends: inflation and the disappearing Phillips Curve

The lack of inflationary pressure is something of a puzzle for economists as conventional patterns based on the accepted theory of the Phillips Curve are not playing out as expected, explains George Buckley, chief UK economist at Nomura

Accounting / Pension funds at risk from cyber crime, warns PRAG

The Pensions Research Accountants Group (PRAG) is warning that pension funds are at high risk of attack from cyber criminals as they have access to extensive personal identity data including addresses, financial records and banking details, which can be sold, or used to compromise or steal from other victims

Insight / FDs need to re-assess pension accounting compliance

Finance directors are being urged to look at how recent changes to pension regulations are impacting accounting costs, after research from pensions consultancy Xafinity Punter revealed that new pension freedoms could cost UK companies £25bn

Insight / Call to end 40% flat rate pension relief

The Royal Society of the Arts (RSA) is calling for a new approach to pensions relief to offer more support for lower earners and the self employed, saying that three quarters of workers would be better off if the government introduced a 30% flat rate

Tax / HMRC in pensions website advice blunder

HMRC has been forced to temporarily remove an online calculator which gave incorrect information about annual pension allowances, following complaints from Royal London

Insight / MPs call for simple pension pathway and single dashboard

In its final report on pension freedoms, the work and pensions select committee is calling for the introduction of a ‘default decumulation pathway’ and a single pensions dashboard for information, as a way of protecting those on low incomes or who are disengaged with pension arrangements

Tax / Q&A: pensions tax and tapered annual allowance

Croner Taxwise tax consultant Angela Robson examines the impact of the tapered annual allowance on pension savings and offers various options to deal with tax liabilities

Insight / Official receiver appointed to six pension companies

Six pension and finance companies involved in the operation of occupational pension schemes have been placed in provisional liquidation following an investigation by the Insolvency Service

Insight / FCA publishes rules on pension transfer advice

The Financial Conduct Authority (FCA) has published new rules on pension transfer advice, and is seeking views on additional changes, including adviser charging structures, with the aim of improving the quality of advice available to consumers

Insight / Consultancy revenue hits £3bn at top accounting firms

The consulting arms of UK accounting firms, notably the Big Four, accounted for nearly 40% of all revenues earned in the UK consulting market in 2017, winning the majority of the work in the financial services market and representing the fastest growing firm segment, according to a report from Source Global Research

Tax / FCA changes rules on pension transfer advice

The Financial Conduct Authority (FCA) has published new rules on pension transfer advice and is seeking views on additional changes, including adviser charging structures

Insight / ‘Reckless behaviour’ with pension schemes to be made a crime

The government plans to introduce a new criminal offence to punish reckless behaviour in relation to a pension scheme, which it says will form part of a ‘tougher approach for those whose irresponsible decisions impact on their pension scheme’

Tax / Child benefit changes may have hit pension entitlements

MPs are warning that the changes to child benefit and poor communication from HMRC may mean thousands of parents risk losing out on future pension entitlements, and are calling on the Treasury to provide more analysis of the numbers affected