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You searched for the term money laundering Your search returned the following 40 results...
 
  • We’re changing our money laundering process for commercial bank accounts - Royal London for advisers

    We’re changing our money laundering process for company bank accounts 20 August 2021 Share Share We're making a change to our money laundering process when you submit any application where regular contributions are being made from a company bank account. We told you earlier this year that we were...

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    News

    Blog

  • Anti-money laundering - we’ve made some changes to our identity verification checks for workplace pensions - Royal London for advisers

    Anti-money laundering - we’ve made some changes to our identity verification checks for workplace pensions 2 April 2020 We’ve improved our identity checking process for new workplace schemes. We’ve removed the need for you to complete our money laundering form, and instead we’ll be carrying out...

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    News

    Blog

  • Fifth Money Laundering Directive and Trusts - Royal London for advisers

    Fifth Money Laundering Directive and Trusts Ian Smart 27 February 2020 On 24 January, HMRC and HM Treasury published a technical consultation on the Fifth Money Laundering Directive and Trust Registration Service*. The purpose of the consultation is to establish how the trust registration service...

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    Business

    Trusts

  • 2021 - Royal London for advisers

    ’ views on the value for money that we provide our workplace pension customers Protecting employee data We’ve introduced a new data security form to help protect the personal and sensitive data of your clients' employees. We’re changing our money laundering process for company bank accounts We're...

  • Additional anti money laundering (AML) checks - Royal London for advisers

    Additional anti money laundering (AML) checks 30 June 2021 We’ve added some additional checks to further tighten our money laundering controls. These may impact your customers' plans, new applications or claim. For new applications we need to verify that the name of the person or company paying...

  • 5th Money Laundering Directive and Trust Registration Service - Royal London for advisers

    5th Money Laundering Directive and Trust Registration Service Ian Smart 11 August 2020 On 24 January 2020 HM Revenue & Customs (HMRC) and HM Treasury published a technical consultation “Fifth Money Laundering Directive and Trust Registration Service”. The consultation outlined how the government...

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    Tools

    Opinion

    Trusts

  • Additional money laundering checks - Royal London for advisers

    Additional money laundering checks for ongoing servicing to workplace pensions 12 February 2021 We’re adding some additional checks to our ongoing servicing of workplace pension schemes. This will further tighten our money laundering controls needed to comply with the Fourth Anti-Money Laundering...

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    News

    Blog

  • HMRC Trusts and Estates Newsletter - Royal London for advisers

    ...to apply for a grant of representation Trusts and estates newsletter: August 2020 This includes information on the following: Fifth anti-money laundering directive (5MLD) and the extension of the Trust Registration Service update Volunteers needed Registrations Updating trust details Declaration...

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    Trusts

  • Protection plans and HMRC’s Trust Registration Service – Briefing note - Royal London for advisers

    Protection plans and HMRC’s Trust Registration Service – briefing note From 6 October 2020, The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 introduced a new requirement for certain express trusts to be registered on HMRC’s Trust...

  • Trust Registration Service (TRS) - Royal London for advisers

    Trust Registration Service (TRS) In recognition of the UK government obligations under 4MLD, trusts required to register, now do so through the TRS. The UK government obligations under the Fourth Money Laundering Directive (4MLD) came into effect in June 2017. In the past, HMRC required completion...

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    Trusts

  • General Protection Guidance information - Royal London for advisers

    ...that firms involved in the designing and selling of insurance products need to meet. Quick start guide to the Insurance Distribution Directive (IDD) Protection plans and HMRC’s Trust Registration Service – briefing note From 6 October 2020, The Money Laundering, Terrorist Financing and Transfer...

  • HMRC Pension Schemes Newsletters - Royal London for advisers

    ...about pension tax charges on the SA100 tax return Appendix 1 - guidance on receiving your Notification of Residency Status Report Newsletter 110 – May 2019 This includes information on the following: Relief at source Consultation on the transposition of the Fifth Money Laundering Directive Managing...

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    Information and guidance

  • Money purchase annual allowance - Royal London for advisers

    An explanation of the money purchase annual allowance This article explains what the money purchase annual allowance is, what triggers it and the impact on defined benefit schemes. Key facts The money purchase annual allowance is currently £4,000. Prior to 6 April 2017 it was £10,000. What...

  • Annual allowance and money purchase annual allowance - Royal London for advisers

    Annual allowance & money purchase annual allowance An annual allowance for pension savings applies each year, this is based on a pension input period. We outline the annual allowance and money purchase annual allowance. Tax year Annual allowance Money purchase annual allowance 2023/2024 £40,000...

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    Rates and factors

  • The secret life of pensions - Royal London for advisers

    The secret life of pensions It’s no secret most people know little about their pension. Our recent research shows 66% of pension holders admit to having little or no knowledge about pensions. Plus, more than a quarter of workplace pension customers have no idea what happens to their pension money...

  • Contracted-Out Money Purchase Rebates - Royal London for advisers

    Contracted-Out Money Purchase Rebates At 5 April 2012 all contracting-out certificates held by money purchase schemes will be cancelled automatically. Figures are % Age * 2007/08 2008/09 2009/10 2010/11 2011/12 15 3.0 3.0 3.0 3.0 3.0 16 3.0 3.0 3.0 3.0 3.0 17 3.1 3.1 3.1 3.1 3.1 18 3.2 3.2 3.2 3.2...

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    Rates and factors

  • Money purchase annual allowance case studies - Royal London for advisers

    Money purchase annual allowance – case studies Accessing flexible benefits will result in triggering the money purchase annual allowance but how does it work in practice? Example one - triggering the money purchase annual allowance mid year  Meera is a member of a defined benefit scheme...

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    Pension freedom

    Information and guidance

    Case studies

  • Covid-19 and the money purchase annual allowance (MPAA) - Royal London for advisers

    COVID-19 and the money purchase annual allowance (MPAA) Jim Grant 23 June 2020 Share Share Jim Grant, our Senior Technical Support Analyst, looks at what triggers the MPAA and further calls for it to be abolished due to the COVID-19 pandemic. The money purchase annual allowance (MPAA...

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    Pension freedom

  • Contracted-Out Money Purchase Contribution Rates - Royal London for advisers

    Contracted-Out Money Purchase Contribution Rates On 6 April 2012 all contracting-out certificates held by money purchase schemes were cancelled automatically. For rates and earnings limits from 6 April 2016 see our new National Insurance rates and earnings limits page  Year Weekly Earnings Monthly...

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    Rates and factors

  • Declared Bonus for 2020 - Royal London for advisers

    Declared Bonus for 2020 The current bonus rates for Unitised With Profits - Talisman, Individual and Retirement Solutions, Crest Growth Plan, Money Purchase and Defined Benefit. Talisman, Individual and Retirement Solutions The directors declared regular bonuses for 2020 and terminal bonus...

  • 2018 - Royal London for advisers

    Declared Bonus for 2018 Declared 2018 bonus rates for Unitised With Profits - Talisman, Individual and Retirement Solutions, Crest Growth Plan, Money Purchase and Defined Benefit Talisman, Individual and Retirement Solutions The directors declared regular bonuses for 2018 and terminal bonus...

  • 2021 - Royal London for advisers

    Declared Bonus for 2021 The current bonus rates for Unitised With Profits - Talisman, Individual and Retirement Solutions, Crest Growth Plan, Money Purchase and Defined Benefit. Talisman, Individual and Retirement Solutions The directors declared regular bonuses for 2021 and terminal bonus...

  • Our responsible investment approach - Royal London for advisers

    Our responsible investment approach To help us make sure that our customers' money is being invested responsibly, we focus on four key areas. We believe this approach also enables us to actively influence the transition to a more sustainable world. Here’s how we put our responsibility into action...

  • Independent Governance Committee (IGC) annual report - Royal London for advisers

    Independent Governance Committee (IGC) annual report 26 August 2021 Our IGC has published its annual report which sets out the committees’ views on the value for money that we provide our workplace pension customers The committee found that Royal London continues to provide value for money overall...

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    News

    Blog

  • 2019 - Royal London for advisers

    Declared Bonus for 2019 The current bonus rates for Unitised With Profits - Talisman, Individual and Retirement Solutions, Crest Growth Plan, Money Purchase and Defined Benefit. Talisman, Individual and Retirement Solutions The directors declared regular bonuses for 2019 and terminal bonus...

  • Independent Governance Committee (IGC) annual report - Royal London for advisers

    Independent Governance Committee (IGC) annual report 14 November 2022 Our IGC has published its annual report in which they assess the ongoing value for money that we provide to our workplace pensions customers. The committee found that we’re continuing to offer your client’s employees value...

  • Declared Bonus for 2017 - Royal London for advisers

    Declared Bonus for 2017 The current bonus rates for Unitised With Profits - Talisman, Individual and Retirement Solutions, Crest Growth Plan, Money Purchase and Defined Benefit. Talisman, Individual and Retirement Solutions The directors declared regular bonuses for 2017 and terminal bonus...

  • Contracting-Out Of The State Second Pension - Royal London for advisers

    Contracting-out of the State Second Pension It is no longer possible to contract-out of the State Second Pension (S2P) Important note Since 6 April 2012, it has not been possible to contract out of S2P using a money purchase or appropriate personal pension/ stakeholder plan, meaning it was only...

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    Information and guidance

  • Protection plan in trust - Royal London for advisers

    Why you should be fussed about trusts 10 August 2021 Putting a protection plan in trust could be beneficial for both you and your client Join Gregor Sked and Shelley Read discuss how trusts both demonstrate quality advice and help get the right money into the right hands at the right time. Why you...

  • Lifetime allowance charge - designated money in drawdown at age 75 - Royal London for advisers

    Lifetime allowance charge - designated money in drawdown at age 75 A worked example of how the lifetime allowance charge is calculated for somebody in drawdown at age 75. James retired in September 2012 at age 65 with DC savings of £1,200,000. He designates £900,000 for drawdown and takes £300,000...

  • Carry forward - Royal London for advisers

    ...in a pension arrangement in an earlier year to have unused annual allowance to carry forward, although you don't have to have contributed. You can still use carry forward if the tapered annual allowance applies. If the money purchase annual allowance applies you cannot carry forward unused annual...

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    Information and guidance

  • 2009 Budget - Treasury amendment - Royal London for advisers

    ...profits are known at the end of the financial year. Infrequent money purchase contributions The amendment allows payments which have been made within one tax year less frequently than quarterly to count as infrequent money purchase contribution amounts. Where the amount of the infrequent money purchase...

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    Information and guidance

  • 2016 - Royal London for advisers

    Declared Bonus for 2016 The current bonus rates for Unitised With Profits - Talisman, Individual and Retirement Solutions, Crest Growth Plan, Money Purchase and Defined Benefit.  Talisman, Individual and Retirement Solutions The directors declared regular bonuses for 2016 in respect...

  • Contributions and Annual Allowance - frequently asked questions - Royal London for advisers

    ...been aligned with tax years. Under a money-purchase scheme this is simply the value of the contributions paid in a pension input period. However, under a defined benefit or cash balance scheme it is the increase in the value of an individual's rights over the scheme's pension input period. Rates...

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    Frequently asked questions

  • How great advice helped me protect my home - Royal London for advisers

    How great advice helped me protect my home Shelley Walker 28 May 2020 Financially stretching ourselves to buy a new home two years ago meant that buying protection wasn’t on our radar. However, the money we saved when we remortgaged helped towards protecting our future. May the fourth. A great day...

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    Personal

    Opportunity

    Blog

  • Our investment pathways solutions - Royal London for advisers

    Our investment pathways solutions 25 January 2021 From 1 February 2021, pension providers must offer ‘investment pathways’ to non-advised drawdown customers who move all or part of their pension savings into drawdown or transfer money already in drawdown to a new drawdown plan. Although...

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    News

  • Designing a protection portfolio - Royal London for advisers

    Designing a protection portfolio 29 July 2020 With the development of fast and user-friendly technology, financial advisers today can tailor and recommend protection solutions which offer greater value for money and appreciate the variety of risks their clients are exposed to. If you look...

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    Personal

    Opportunity

    Personal protection

    ...

  • UFPLSvsDrawdown - Royal London for advisers

    UFPLS vs Drawdown There are a number of different ways to take money out of your pension fund. But depending on the route chosen, the age of the individual, the tax implications and impact on future pension savings will be different. In this article we are looking at taking benefits in phases...

  • Residence nil-rate band part 1 - Royal London for advisers

    Source: gov.uk Manoeuvring money The amount of the residence nil-rate band personal representatives can claim is the lower of the net value of the interest in the property, or the maximum amount of the band. The amount is limited to one property, with personal representatives nominating which property...

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    Personal

  • Together for good - Royal London for advisers

    ...future. We’ll achieve this through a combination of three key areas. Value for money products and services We design flexible solutions which you can tailor to match your client’s needs – and we pack them with extra value. Our pension solutions Our protection solutions Championing impartial support...

This website is intended for financial advisers only and shouldn't be relied upon by any other person. If you are not an adviser please visit royallondon.com.

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.