Latest News - Jessica List
Understanding pensions should be as easy as finding travel deals
Consumer research suggests savers would prefer a single, independent dashboard. But more choice may not be such a bad thingBy Jessica List - 25 January 2019, 11:05
Complex court case highlights inheritance tax pension confusion
12 years after Mrs Staveley transferred her section 32 to a personal pension knowing she was terminally ill, the case rumbles on and its wider implications remain unclear.
Budget 2018: Beware unintended side-effects of scrapping the LTA
Removing the lifetime allowance and overhauling carry-forward rules are sensible suggestions, but the unintended consequences make such moves fraught with danger.
Comment: Balance is needed on scaremongering pension claims
There is a lot of scaremongering about the spending habits of retirees at both ends of the savings spectrum but the situation is more complex.
Advisers shouldn't give up on people who don't understand pensions
Responses to the Retirement Outcomes Review highlighted a lack of understanding of pensions, but advisers should not give up on these potential clients
Keep expression of wishes up to date to avoid pension roadblocks
By nominating everyone eligible as a beneficiary, Rishita ensures her cousin and sister can both receive lump sums, whereas Warren’s family cannot benefit in the same way
Pensions Doctor: Failure to make wishes clear leads to draw down roulette
Laura faces drawdown roulette when it comes to her late companion’s Sipp, after he omitted some key paperwork.
Four charts that highlight the LTA planning problem
Advisers who play it safe could miss planning opportunities, but those who don't could face disgruntled clients in future.
Default drawdown does not work with pension freedoms
A default drawdown option may not be suitable for all consumers, a fundamental flaw of the work and pension committee’s suggestion
Pensions Doctor: Back-up expression of wishes offers inheritance plan B
By making her specific wishes clear, Bryony can ensure her named beneficiaries receive death benefits in a way that best suits them, not the pension administrator, whatever the circumstances.