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You searched for the term annual statement Your search returned the following 34 results...
 
  • We’ve launched our new workplace annual statements - Royal London for advisers

    We’ve launched our new workplace annual statements 25 July 2018 Share Share As part of our ongoing commitment to improving communications with our customers, we’ve introduced a new workplace annual statement. Our new annual statement Download What’s changed?  We’ve created a fresh and modern design...

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  • New and improved updates for your clients - Royal London for advisers

    New and improved communications for your clients 26 February 2018 Share Share We’ve recently redesigned our annual statement – and launched a new suite of retirement planning communications. These have been designed to help us improve customer engagement, while giving us more opportunities...

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  • New and improved annual statement for your Income Release clients - Royal London for advisers

    New and improved annual statement for your Income Release clients 25 March 2019 Share Share We’ve recently redesigned our annual statement to help us improve customer engagement and promote the value of your services. Download a sample Take a look The new statement was issued to Pension Portfolio...

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  • We’ve launched our new annual statements for continuation plans - Royal London for advisers

    We’ve launched our new annual statements for continuation plans 25 September 2018 Share Share This is the next instalment of our ongoing commitment to improving communications with our customers. Our new annual statement for continuation plans Download What’s changed?  Previous members of workplace...

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  • New and improved annual statement for Retirement Solutions Company Pension Plans - Royal London for advisers

    New and improved annual statement for Retirement Solutions Company Pension Plans 27 August 2019 Share Share In 2018 we re-launched our annual statements with a fresh and modern new design. We’ve made even more improvements for this year, and made them available to more of your workplace clients...

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  • Pension news from 2019 - Royal London for advisers

    Pension news from 2019 Our latest mobile app enhancement Sep 11 2019 We’ve made it easier for new customers to use our app New and improved annual statement for Retirement Solutions Company Pension Plans Aug 27 2019 In 2018 we re-launched our annual statements with a fresh and modern new design...

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  • Our latest mobile app enhancement - Royal London for advisers

    ...communication we’ve sent them, like their welcome pack or an annual statement. If they’re already using the app, they won’t be impacted by this change. Take a look at the app Animation Transcript We are doing more to help your clients see the value of their pension savings and if they're on track...

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

    Our statement on consultation paper CP 19/25 7 August 2019 Following the consultation paper CP19/25 released by the FCA on Tuesday 30 July 2019, the advice provided on defined benefits pension transfers looks set for a new wave of scrutiny by the regulator. The key takeaways from this document...

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  • Customers and Advisers have spoken… - Royal London for advisers

    The results from our Customer Voice Programme surveys are in... 23 April 2018 Share Share We take customer experience really seriously - we are after all owned by our members. As well as constantly collecting feedback from customers who contact us, we run an annual relationship survey which...

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  • Why pension tax relief is in the Chancellor’s sights – and where the cuts could come - Royal London for advisers

    ...billion.  Since 2010, successive Chancellors have cut the various limits for pension tax relief on an almost annual basis, and the present Chancellor is likely to have taken a very detailed look at how much more can be saved on this major item of public spending. The most likely areas to feel...

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

    , if the government is unsuccessful in court, you may need to consider the impact of any remedy on your clients’ retirement planning and any benefit estimates you’ve provided. In a statement issued on 30 January 2019, the government announced that due to the uncertainty over the future costs...

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  • MPAA reduced from 6 April 2017 - Royal London for advisers

    MPAA reduced from 6 April 2017 23 November 2017 The Finance (No.2) Act 2017 has passed into law – we look at the impact on the Money Purchase Annual Allowance. A number of clauses were ditched from the Finance Act 2017 because of the time constraints imposed by the snap General Election in June...

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  • Could your clients fall into the taper trap? - Royal London for advisers

    Could your clients fall into the taper trap? Jim Grant 27 August 2018 Share Share Jim Grant looks at how the tapered annual allowance could affect your clients with higher incomes. Individuals with adjusted income over £150,000 in the tax year could have their annual allowance reduced. Employer...

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  • Retirement Outcomes Review – Part 1 of 2 - Royal London for advisers

    Retirement Outcomes Review - part 1 Robin Nimmo 28 May 2019 Share Share The FCA published policy statement PS19/1 at the end of January 2019 detailing the first part of its package of remedies to address the issues they identified in the retirement market. Here we take a look at what the main...

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  • Why paying a tax charge isn’t always a bad thing - Royal London for advisers

    . options for doctors - a look at the proposed 50:50 option in response to adviser queries. This packed interactive paper also explains how paying annual and lifetime allowance tax charges can still make your clients better off in retirement, and… digs deeper into the options for paying these charges...

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

    ...to follow the advice of their adviser. Statement of risks associated with pension transfers. The client must sign the summary to confirm they understand the risks they’re taking. The monthly and annual pound and pence figure incurred by the client if they accept the offer of ongoing advice. It must also...

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

    Next steps Read the policy statement Read the full FCA Policy Statement Download Further consultation will be carried out via CP18/7 with a response date of 25 May 2018. This paper considers many issues so watch this space for future articles on: Qualification standards The two adviser advice model...

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  • Planning and the relevance of contribution dates - Royal London for advisers

    ...to understand the date contributions are deemed to have been paid from a tax relief and annual allowance (AA) perspective.  This applies to clients with both workplace and individual plans. HMRC continues to take an uncompromising approach to the application of ‘genuine error’ criteria. A refund...

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  • Auto enrolment: our top five frequently asked questions - Royal London for advisers

    ...are the options if an employee is affected by the tapered annual allowance, and the total contributions to the AE scheme are greater than their available annual allowance for the current year? There are three main options: The contributions can continue as expected and the employee pays any annual allowance tax...

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  • We’re ready for the Insurance Distribution Directive Review - Royal London for advisers

    ...the statement of demands and needs to the customer sits with the adviser. What are we doing in response to the IDD? We’ve developed target market statements for our products. You can download these below: Pensions Pension Portfolio Individual Stakeholder Retirement Solutions GPP & GSHR Retirement...

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

    ’ clients who approach them about a potential DB to DC pension transfer. Earlier this year, the FCA expressed concern that in too many cases ‘triage’ was straying into advice but without the full processes that would normally surround full-blown advice. While a further statement from the FCA...

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  • FCA Retirement Outcomes Review final report and consultation - Royal London for advisers

    ...pension freedoms. Lack of shopping around: Weak competitive pressure among providers. Low levels of switching – there was almost none in the non-advised market despite evidence suggesting switching to a lower cost provider could increase annual income by up to 13%. The danger this may drive prices...

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  • Childrens pension - Royal London for advisers

    ...the annual tax return process.  Although this money doesn’t go into the pension, it will reduce the tax bill of the recipient – a very welcome additional gift. For recipients affected by the High Income Child Benefit Charge (HICBC), a higher level of pension contribution results in a lower level of income...

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

    ...published two policy statements on pension transfer advice in 2018. One in March and one in October. Given the length of time from initial enquiry to completed pension transfer is often three to six months, it’s difficult to see how the messages from the March policy statement, let alone October, would...

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  • Increasing the Financial Ombudsman Service (FOS) Award Limits - Royal London for advisers

    ...on 21 December 2018.  Our response We accept the case for complaints referred to the FOS on or after 1 April 2019: A one-off increase to the compensation limit from £150,000 to £160,000 (to catch up on past inflation) for complaints on acts or omissions that happened before 1 April 2019. The annual...

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  • Doctors’ pensions - when 50% of something is better than 0% of nothing - Royal London for advisers

    ...seen lots of press coverage about the impact of the tapered annual allowance (AA) on doctors. Views on whether doctors should receive special tax treatment continue to vary. We believe the tapered AA should be abandoned altogether - there are cleaner and clearer ways of restricting pensions tax...

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  • Retirement planning for future generations - Royal London for advisers

    ...of the exemptions apply but Lucy survives for at least 7 years after making a contribution, that contribution would be IHT free via the potentially exempt transfer route.   1 Money Advice Service: paid monthly in arrears, single life, no annual increases and no guarantee period. Last updated: 08 Jul 2019...

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  • Income drawdown – changing the conversation - Royal London for advisers

    ...the sustainability of different withdrawal rates over different terms. This is based on investment in GRIP3 and a 1% annual charge.    Income % 2 2.5 3 3.5 4 4.5 5 5.5 6 Term (years) 15 100% 100% 100% 100% 100% 100% 99% 97% 93% 20 100% 100% 100% 100% 99% 95% 88% 73% 47% 25 100% 100% 100% 98% 93% 80% 55% 30% 14...

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

    -friendly environment. The contributions are being made to someone else’s pension. IHT won’t apply if there’s a valid exemption, such as the annual exemption of £3,000 or the normal expenditure from income exemption.  Otherwise the contributions are potentially exempt and the normal seven year rule...

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  • Centralised Retirement Propositions (CRP) - Royal London for advisers

    ...functionality, May 2019 Source: Lipper, Royal London, as at 29.08.2019. All performance figures inclusive of 1% annual management charge. Past performance is not a guide to the future. Prices can fall as well as rise meaning you may not get back the full amount of capital originally invested...

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

    ...a dependant’s pension of £20,000. If he remained in the scheme then his annual pension would be £42,000. Taking that pension a benefit crystallisation event and he would’ve used 20 x £42,000 = £840,000. So within the current LTA of £1,030,000. However, Mark has taken advice and decided to transfer his...

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  • Steve Webb: Get to grips with the new state pension - Royal London for advisers

    ...was £14.25 per week or £741 for a full year.   Someone whose 2016 starting amount is well short of the full flat rate would gain an extra 1/35 of the state pension in return for a year of voluntary NICs.  So, someone filling a gap for 2017/18 could see their annual state pension rise by around £244...

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

    ...can easily generate DC savings at or above the LTA.  Typical wage levels today for those at risk were in the £60,000-£90,000 bracket. This may be because those with the very highest earnings are capped by the tapered annual allowance, and so are unlikely to contribute enough to breach the LTA...

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

    .  The Chancellor was greatly assisted by a major revision to economic forecasts which meant his annual borrowing figures were far lower than expected.  As a result, more unpalatable measures like a big change to pension tax relief were avoided.  But with the Chancellor describing the cost of pension tax...

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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.