The pensions industry in the UK is the second largest in the world after the US, with assets totalling over £260bn in personal pensions. Introduced in the early 1990’s the Self Invested Personal Pension (SIPP) market has grown year on year so that there are now over 500,000 plans in force. On going annual growth is predicted at a conservative rate of around 20%.
Posts Tagged ‘cost’
Growth of the SIPP market
Wednesday, July 21st, 2010Imago administration service proves key to SIPP success
Wednesday, June 30th, 2010Hargreave Hale’s selection of Dunstan Thomas Imago administration service proves key to SIPP success for the stockbroker
Leading stockbroker and investment manager Hargreave Hale Limited has attributed the rapid entry and success of its SIPP, launched in April 2009, in part to its decision to strategically outsource SIPP administration to pensions administrator Dunstan Thomas.
Asset Migration & Imago RIY Plus
Monday, February 15th, 2010
http://www.dthomas.co.uk/imago/illustrations/riyplus.html
During the course of the past year, Imago Front Office has been developed further for specialist asset transfer company Legacy Asset Systems. The Front Office team has developed the RIY Plus calculator to provide cost comparison facilities and suitability reporting.
Tax cuts & annuity nonsense
Friday, August 17th, 2007I was listening to Radio 4 this morning and was pleasantly surprised to hear tax cutting return into the vernacular. With the Tories proposing a policy review filled with tax cuts and abolishing of red tape around the country is welcome news indeed. Lets look at some key points that were made:
+ Scrap inheritance tax at a net cost of £2.6 billion to the Treasury
+ Scrap capital gains tax for assets held more than 10 years
+ Abolish or reduce stamp duty on shares at total cost of abolition of £3 billion
+ Reduce corporation tax to single main rate of 20 per cent at a bill of £4.8 billion
+ Reform pensions system to encourage lifetime savings, home ownership and flexibility in retirement
Well I am not sure who the MP was on the morning programme but I heard him guffing on about the abolition of the “dreaded annuity market”. Is this bozo really serious about taking out a whole market – surely not. Does it mean that the approach to pensions reform is to reduce the choice of retirement products ?
