Elaine Turtle, Director at DP Pensions, discusses how they see the next three decades panning out for the product and its providers.
With the end of tax year fast approaching, Elaine Turtle, Director at DP Pensions, reminds readers of the key things clients need to consider to avoid missing out on tax relief.
Elaine Turtle, Director at DP Pensions, discusses the FCA’s recent policy statement issued in response to the consultation it carried out in June 2018 on retirement outcomes. The policy statement focuses on three key areas: how we can all improve the communications sent to consumers before they access their pension pot, ensuring consumers have accessed the support or guidance that they need and the provision of investment pathways for non-advised consumers entering drawdown.
There is much for pension providers to come to terms with in the FCA’s Policy Statement and the accompanying consultation paper, says Geoff Buck, associate director, DP Pensions. He considers the 3 major changes arising from the paper.
Elaine Turtle, Director at DP Pensions, looks at the misconceptions and practicalities when dealing with pensions in a divorce case.
Metro Bank issued a trading update in advance of its full year results, which will be announced on 27th February 2019. The reason being that the bank needed to set aside additional capital against a portion of its commercial loan book. Metro Bank have confirmed there is no suggestion that the loans are underperforming in any way but the move to increase capital is in order to meet regulatory requirements.
This statement can be found here https://www.metrobankonline.co.uk/about-us/press-releases/news/metro-bank-announces-fy-2018-results-preview-and-trading-update/
You can also listen to a recording of a telephone call held on the morning of 24th January 2019 with Craig Donaldson (CEO) and David Arden (CFO) with some of their existing shareholders and analysts. The call provides clarity on the trading announcement, and the Q&A after will no doubt provide you with answers to any questions you may have.
To listen to the call, please dial Dial: +44 333 300 0819 and enter the PIN: 301277227#
Should you have any further questions please do not hesitate to contact us or speak to your financial adviser.
Information about financial services compensation limits for banking products can be found at https://www.fscs.org.uk/what-we-cover
Elaine Turtle, Director of DP Pensions, discusses that pension investors continue to look at investing in bricks and mortar, be it their own business premises, an unusual property or just a sound investment.
People take out SIPPs for a variety of reasons, writes Elaine Turtle, Director at DP Pensions. Here she shares a case study which shows how the product’s versatility can help clients access funds to help facilitate their chosen lifestyle.
We are delighted to announce the launch of our new Premier Trust Single Investment SIPP in response to the growing number of advisers using them for their clients.
The Premier Trust Single Investment SIPP will complement our existing product range and offers a lower cost option for advisers and their clients.
David Phillips, Managing Director, DP Pensions said: “We have seen unprecedented change in the pensions industry in recent years and advisers are looking to partner with firms that are developing their product ranges, are financially strong and committed to the market for the long term. We are seeing growing interest from advisers using a single fund manager and have developed the Premier Trust Single Investment SIPP to meet this need.”
The SIPP will be able to hold the plan bank account and one investment account with a panel investment manager. DP Pensions has over 40 investment managers on the panel. If the desired investment manager is not currently on the panel they will look to add it providing it meets the required due diligence.
Elaine Turtle, Director, DP Pensions added: “Advisers are under increasing pressure to minimise the time they spend on administration and enable them to spend more time advising clients. They are looking for products that are simple to set up and are cost effective for clients. That is exactly what the Premier Trust Single Investment SIPP does. At just £195 a year, this product is not only transparent but also flexible with a wide range of DFMs, platforms and stockbrokers available. It meets the needs of advisers and their clients.”
David Schiller, Head of Financial Planning, Charles Cameron Financial Planning said: “The DP Pensions Single Investment SIPP is very welcome and a great addition to their suite of products. There is continued demand as more clients look to provide a simpler SIPP product, with a lower fee, but with the same technical knowledge and service underneath it. With continued consolidation in the financial services sector, the adviser community look to have the flexibility to move DFM or platform, should service deteriorate and this product enables us to have that.”
David Taplin, Chairman of Argentis Financial Management Ltd, and Head of Wealth at Arthur J. Gallagher said: “With clients looking to consolidate smaller pension pots but retain the flexibility to decide on the investments, the DP Pensions Single Investment SIPP will be ideal. We have used them for many years and rate their technical knowledge, staff and administration service very highly. There is a very wide range of DFM partners and these have been carefully selected based on their own due diligence, and there are low charges as you might expect from this type of product, but also if a client decides they want more flexibility to perhaps invest in commercial property then the SIPP can easily move to the DP Pensions Premier Trust SIPP product to accommodate this, making it a very useful financial planning tool.”
More details can be found at Single Investment SIPP
The final report on the Retirement Outcomes Review (ROR) could cause consumer confusion and difficulties for the SIPP sector, warns Elaine Turtle, Director at DP Pensions.