73% of advisers not ready for Consumer Duty
Just under three-quarters of financial advisers are not ready to implement the Consumer Duty by the 31 July deadline.
Source: moneymarketing.co.uk
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Spring Budget 23: NMPA rise or IHT tweak could be cost of pension allowance increase
Pension inheritance tax rules could be tweaked or the normal minimum pension age (NMPA) could rise as part of any government plan to increase pension allowances, pundits fear.
Source: professionalpensions.com
Spring Budget 23: Tweaks to NMPA/IHT could be the cost of pension allowance increase
Pension inheritance tax rules could be tweaked or the normal minimum pension age (NMPA) could rise as part of any government plan to increase pension allowances, industry experts fear.
Source: professionaladviser.com
Chancellor increases MPAA to £10k from April
The money purchase annual allowance (MPAA) will increase from its current level of £4,000 to £10,000 from April this year. Chancellor Jeremy Hunt made the announcement as part of his Budget today (15 March), unveiling significant increases to the pension allowances. The MPAA increase will be welcomed by many workers
Source: moneymarketing.co.uk
Budget 2023: Ground hog day on pensions speculation
Every time there is a Budget there is speculation the chancellor will do something radical on pensions taxation. It has happened so often over the past decade I have wondered if I should set my watch by it.
Source: moneymarketing.co.uk