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You searched for the term DB transfers Your search returned the following 40 results...
 
  • DB transfers – three things to think about - Royal London for advisers

    DB transfers – three things to think about Advisers are receiving an increasing number of requests from clients looking to transfer their pension from defined benefit schemes to personal pensions. Three things to think about Defined benefit transfers are a complicated area of advice...

  • Defined benefit transfers and the lifetime allowance - Royal London for advisers

    ...their beneficiaries’, circumstances. Related content show more DB transfers – three things to think about - Royal London for advisers DB transfers – three things to think about Advisers are receiving an increasing number of requests from clients looking to transfer their pension from... Defined benefit...

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  • Helping trustees with DB transfers - Royal London for advisers

    . Related content show more DB transfers – three things to think about - Royal London for advisers DB transfers – three things to think about Advisers are receiving an increasing number of requests from clients looking to transfer their pension from... Defined benefit transfers and the lifetime...

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  • FCA produces new rules for Pension Transfers - Royal London for advisers

    Charging models including contingent charging Risk assessment Triage services Client attitude to transfer risk . Related content show more DB transfers – three things to think about - Royal London for advisers DB transfers – three things to think about Advisers are receiving an increasing number...

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  • Is there a safe harbour in the triage storm? - Royal London for advisers

    ...of requests from clients looking to transfer their pension from... Defined benefit transfers and the lifetime allowance - Royal London for advisers ...their beneficiaries’, circumstances. Related content show more DB transfers – three things to think about - Royal London for advisers DB transfers...

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  • FCA announces further action on defined benefit transfers - Royal London for advisers

    ...that, when advising on DB transfers, advisers should start from the position that a transfer is not suitable. It is deeply concerning and disappointing to see that transfers are still being recommended at the levels we have seen. Of course, high level numbers like these can miss some of the detail...

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  • Steve Webb looks back at 2018 in pensions - Royal London for advisers

    Steve Webb looks back at 2018 in pensions Steve Webb 19 December 2018 Share Share From DB transfers to Brexit: Steve Webb considers the big stories in pensions from the last 12 months. Transfers One of the dominant pension stories of 2018 was the large numbers of people taking advantage of pension...

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  • Latest updates from Steve Webb - Royal London for advisers

    12 months. Is there a safe harbour in the triage storm? Steve Webb looks at how advisers differ in their approach to pension transfer and whether there's a need for standardisation. Helping trustees with DB transfers Our policy paper helps pension trustees steer the right course in a world of large...

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  • Defined benefit (DB) transfers - Royal London for advisers

    How we’re dealing with DB pension transfers Defined benefit (DB) transfers are very topical just now, so we’re setting out our stall and detailing how we’ll accept transfers going forward. We’ve identified the types of business that we will and won’t accept, along with some key points about how...

  • Pension news from 2018 - Royal London for advisers

    ...with our customers. Is there a safe harbour in the triage storm? Nov 26 2018 Steve Webb looks at how advisers differ in their approach to pension transfer and whether there's a need for standardisation. Helping trustees with DB transfers Oct 30 2019 Our policy paper helps pension trustees steer...

  • Transfers explained - Royal London for advisers

    Advisers are receiving an increasing number of requests from clients looking to transfer their pension from defined benefit schemes to personal pensions. In this article we look at the 3 main topics we get questions on. DB transfers – three things to think about Tax-free cash protection Protecting tax...

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  • How inheritance tax might work on transfer (Deceased estate taxed in Scotland) - Royal London for advisers

    . Laura lives in Scotland, is divorced and terminally ill Earnings in the tax year of £150,000 She has 2 adult non-dependent children She transfers her DB pension to a DC scheme and dies 2 months later The transfer of value is £1 million Laura dies shortly after the transfer As Laura dies within 2...

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  • How inheritance tax might work on transfer (Deceased estate taxed in England) - Royal London for advisers

    , is divorced and terminally ill Earnings in the tax year £150,000 He has 2 adult non-dependent children He transfers his DB pension to a DC scheme and dies 2 months later The transfer of value is £1 million Mark dies shortly after the transfer As Mark dies within 2 years of the transfer taking place...

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  • DB pension transfer advice consultation - Royal London for advisers

    DB pension transfer advice consultation Robin Nimmo 20 December 2019 Share Share We responded to the latest FCA consultation paper CP19/25 on DB pension transfer advice which closed at the end of October 2019. Here we look at what we said in our response. Banning contingent charging The most...

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  • Steve Webb announcement - Royal London for advisers

    London for advisers Steve Webb looks back at 2018 in pensions Steve Webb 19 December 2018 Share Share From DB transfers to Brexit: Steve Webb considers the big stories in... How long does your client’s money need to last? - Royal London for advisers How long does your client’s money need to last? Steve Webb 24 January 2019 Share Share Helping your clients manage their money in retirement would be...

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  • New FCA rules on pension transfer values set to shake up transfer market - Royal London for advisers

    ...performance and the impact of charges.  Source: What will the FCA’s new rules mean for DB to DC pension transfers? A policy paper from LCP and Royal London, October 2018  Related content show more Transfers explained - Royal London for advisers Transfers It is possible to transfer your pension fund...

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  • FCA consults further on pension transfer advice - Royal London for advisers

    ...its much awaited response PS18/6 to the previous consultation Advising on Pension Transfers. DB to DC transfers are a hot topic in the market, and we want to hear your views. Look out for our survey from Steve Webb later in the week, where you can give us your thoughts. Let's look at what...

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  • Childrens pension - Royal London for advisers

    DB pension to a DC scheme... How inheritance tax might work on transfer (Deceased estate taxed in Scotland) - Royal London for advisers . Laura lives in Scotland, is divorced and terminally ill Earnings in the tax year of £150,000 She has 2 adult non-dependent children She transfers... 3rd Party...

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  • Our statement on consultation paper 19/25 - Royal London for advisers

    , and to that end we feel consumers continuing to have access to affordable advice is of paramount importance. Royal London will continue to work with relevant groups to campaign for a statutory right to partial transfers, and for advice fees to be payable from DB schemes. In addition we will maintain...

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  • Helping solicitors with inheritance tax and pensions - Royal London for advisers

    . In addition, if the member had the right to bind the scheme then the benefits are subject to IHT. Find out more about the difference between discretion and direction. Transfers Since pension freedoms, we’ve seen an increase in transfer values with many clients transferring their defined benefit (DB) schemes...

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  • Money purchase annual allowance - Royal London for advisers

    ...or TAA. For the avoidance of doubt, this includes contributions made to any other DC plans the individual has in addition to the one they've taken benefits from. What about DB? Accrual under defined benefits (DB) arrangements is not tested against the MPAA, but will be included in the test of total...

  • Safeguarded benefits - Royal London for advisers

    . This includes a prescribed comparator (Transfer Value Comparator) which aims to show the cost of providing the same benefits as the DB scheme but in a DC scheme. Please note that pension transfers are currently under consultation, please read: FCA - CP19/25: Pension transfer advice: contingent...

  • Benefit crystallisation events and the lifetime allowance charge - Royal London for advisers

    ...the lifetime allowance when: the individual chooses to take them on their death at age 75 on transfer overseas There are a number of benefit crystallisation events (BCEs), each one triggers a test against the LTA. We’ll cover the more frequent BCEs that we receive queries on. Some common events Taking...

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  • The lifetime allowance ‘timebomb’ - Royal London for advisers

    ...contributions.  It finds that an additional 1.25 million people could be expected to exceed the LTA if they don’t take action to prevent this from happening. Defined benefit pension savers Looking in more detail at those at risk, the largest group remains those who are building up DB pensions. Despite...

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  • A closer look at consultation paper CP19/25 - Royal London for advisers

    ...by limiting firms’ ability to recommend transfers that incur unnecessarily high ongoing adviser and product charges Improve charge disclosure and implement checks on customer understanding Increase continuous professional development requirements for pension transfer specialists (PTS) Improve data...

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  • Contributions and tax relief - Royal London for advisers

    ...for overseas individuals In specie transactions can involve pension schemes in two different ways - in specie transfers and in specie contributions. This article explains the difference. In specie contributions In specie transfers and contributions - what's the difference? Annual allowance...

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  • Why is Staveley important for advisers when it comes to transfers? - Royal London for advisers

    ...and their beneficiaries is crucial. A DB to DC transfer could mean there are death benefits to pass on, so the tax charge may be worth it. The same could be true for a DC to DC where it’s moving from an occupational scheme with limited death benefits to a fully flexible scheme.  However, moving from...

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  • Transitional rules for DB schemes - Royal London for advisers

    Transitional rules for DB schemes (pre 6 April 2016) July 2015 Budget – aligning pension input periods for DB schemes Key facts All pension input periods open on 8 July 2015 automatically ended on 8 July 2015. The next PIP for everybody ran from 9 July 2015 to 5 April 2016. Since 6 April 2016 all...

  • Pensions A to Z - Royal London for advisers

    Second Pension explained T Taking benefits Tapering of annual allowance for high incomes - adjusted and threshold incomes Taper trap - case study Tax-free cash protection on transfer Tax-free cash protection on transfer: some common questions Transfers - frequently asked questions Trivial lump sums...

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  • Pensions - contact us - Royal London for advisers

    ...to us Royal London Royal London House Alderley Road Wilmslow Cheshire SK9 1PF Opening hours Monday to Friday 8am–6pm Defined benefits – Final Salary DB Individual - buyout cases for DB schemes that have wound up Phone number 0131 652 5172 Email address NDBS@royallondon.com Fax number 0131 524 8860...

  • Pension news from 2019 - Royal London for advisers

    Pension news from 2019 DB pension transfer advice consultation Dec 23 2019 We responded to the latest FCA consultation paper CP19/25 on DB pension transfer advice which closed at the end of October 2019. Here we look at what we said in our response. FCA review of the financial advice market Dec 23...

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  • Tapering of annual allowance for high incomes - Royal London for advisers

    ...works in practice.  Case study-1 Simon Image description Case study-2 Rex Image description Case study-3 Ruby Image description *for a DB scheme, this would be the pension input amount minus any employee contributions. Case study-4 Sebastian Image description Case study-5 Karen Image description Anti...

  • Pensions and divorce: our top five frequently asked questions - Royal London for advisers

    ...from a DB scheme where the only option is a transfer out, are the pension transfer permissions required? As the ex-spouse/civil partner is not giving up any benefits in the DB scheme, the pension transfer permissions are not required. Are there any pensions which can’t pay a pension credit to an ex...

  • Defined Benefit - Royal London for advisers

    Defined Benefit We’re experts and we give straightforward, pragmatic and cost effective advice tailored for your client. We have been managing and administering defined benefit pension schemes for almost 50 years. This gives us a frontline insight into the challenges and problems you and your clients face. Our services are desig...

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  • Transfers - frequently asked questions - Royal London for advisers

    Transfers - frequently asked questions Q: Can benefits be transferred between pension schemes? A: Yes, if it's a 'recognised transfer', it will be an authorised member payment with no adverse tax consequences. PTM100010: Transfers: essential principles Q: Cheryl has just been granted a Pension...

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  • Pension input periods and pension input amounts - Pre 2015 Rules - Royal London for advisers

    ...for DB schemes Pension input periods and pension input amounts (Post 8 July 2015 Rules) Key facts Pension input period: This is the period of time used to measure contributions paid/benefits accrued for testing against the annual allowance. The annual allowance used is the one that's in force...

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  • Public sector pensions in 2019: a run down - Royal London for advisers

    Children's pension Steve Webb 25 June 2019 Share Share Steve Webb writes about the potential benefits of contributing into an adult son or... Pension news from 2019 - Royal London for advisers Pension news from 2019 DB pension transfer advice consultation Dec 23 2019 We responded to the latest FCA...

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  • Pensions and divorce explained - Royal London for advisers

    ...not in a civil partnership. When giving advice on a pension credit coming from a DB scheme where the only option is a transfer out, are the pension transfer permissions required? As the ex-spouse/civil partner is not giving up any benefits in the DB scheme, the pension transfer permissions...

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  • Pension case studies - Royal London for advisers

    ...allowance Member contributions and higher rate tax relief Money purchase annual allowance: an explanation Pension input periods: Transitional rules for DC schemes 2015/16 Pension input periods: Transitional rules for DB schemes 2015/16 Taper trap Death benefits Death benefits: discretion or direction...

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  • Overseas transfers - Royal London for advisers

    Overseas transfers Can your client transfer their pension savings to a pension plan in another country and are there any tax implications? So what's this all about? What is a QROPS? What does overseas mean? What are the options if the customer moves overseas and has a UK registered pension scheme...

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The Royal London Mutual Insurance Society Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. The firm is on the Financial Services Register, registration number 117672. It provides life assurance and pensions. Registered in England and Wales number 99064. Registered office: 55 Gracechurch Street, London, EC3V 0RL.