Canada Life is calling on the Treasury to increase the money purchase annual allowance (MPAA) in the forthcoming budget.
It proposes restoring the MPAA to £10,000, which was the original allowance in 2015, before it was cut in 2017 to just £4,000.
There are, arguably, two competing issues for the government. One might just improve the chances of reform – the fact that policymakers are worried about just how many people have retired relatively early. MPAA could help make the case for a return to work to a degree.
Yet the second is that the government really doesn’t want to lose any money and that might also include the small risk of people recycling money.
Financial advice will always be a luxury product argues Andy Hart founder of Humans Under Management in Money Marketing.
Financial services industry band, Consumer Duty, took to the stage last week in Stationers’ Hall near St Paul’s to ‘Rock for Ukraine’.
This was to raise money for Refugee Support Europe, a UK registered charity doing work providing humanitarian aid to Ukrainian families seeking refuge in neighbouring Moldova.
It is estimated that £45,000 was raised.
FNZ is spreads thin according to the New Model Adviser headline with £190bn worth of replatforming projects underway and experts suggesting that it has too much on its plate.
Royal London, Aviva and AJ Bell have topped the list of the most recommended pension providers, according to Defaqto.
Fewer than one-in-a-hundred private sector employees actively increase their pension contribution rate in response to a 10 per cent pay rise, according to a new report by the Institute for Fiscal Studies.
