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WPS FINANCIAL GROUP WELCOMES NEW PENSION CHANGES

The WPS Financial Group, one of Wales' biggest financial advisory groups, has welcomed new changes to pension rules, which make it easier and more tax-efficient to transfer pensions after death. The changes, announced by Chancellor George Osborn this week, are partly designed to make pensions even more attractive to savers on the basis they can [...]

The New Pension Flexibility From April 2015: The Detail Explained.

Last month HMRC published the ‘Draft Guidance’ on the pension flexibility that is being introduced from the 6th of April 2015. It runs no fewer than 38 pages, confirming that once again (sadly) there is no such thing as simplicity in pensions. The full guidance can be found at: https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/344685/Annex_D_Flexibility_15_Guidance.pdf Defined Contribution Schemes only As [...]

2014-10-20T11:50:38+00:00 October 20th, 2014|Categories: Pensions, Uncategorized|Tags: , , , , , , , , , , , , |0 Comments

Get your Lamborghini

When the UK government relaxed the rules around withdrawing funds from pensions, opponents of the changes claimed pensioners would blow their retirement pots on luxury goods. One politician coined the ‘right to buy a Lamborghini’ phrase in relation to this concern. The concern relates to the introduction of flexible drawdown or uncapped drawdown – the [...]

2015-03-02T16:59:16+00:00 September 11th, 2014|Categories: Pensions, Planning|Tags: , , , , , , |0 Comments

WPS and Ospreys team up again

A LEADING WELSH PENSIONS AND INVESTMENT SPECIALIST HAS REAFFIRMED ITS COMMITMENT TO THE OSPREYS, AGREEING A NEW COMMERCIAL DEAL THAT WILL SEE ITS LOGO FEATURE ON THE PLAYING STRIP FOR 2014/15. The logo of WPS Financial Group, which employs 26 people across offices in Swansea and Cardiff and looks after 2,400 clients with over £247 [...]

4 reasons to buy life assurance

The death of a loved one can mean extreme upset and turmoil to family life. Should this unfortunate event happen, life assurance can remove any immediate financial worries for your family. Life assurance is designed to provide for your financial dependents in the event of your death. There are many reasons that life assurance may [...]

SIP Wealth Management sponsors young soccer prospect

A local young footballer has thanked a local firm of independent financial advisers for helping him achieve his dream – of representing Wales. SIP Wealth Management, a specialist practice of Independent Financial Advisers with branches in Mumbles and Swansea, has sponsored Jesse Howes, a 16-year old student and promising footballer from Gowerton Comprehensive School, for [...]

2014-06-30T13:38:49+00:00 June 4th, 2014|Categories: News, Uncategorized|Tags: , , , , , , , , , , |Comments Off on SIP Wealth Management sponsors young soccer prospect

With (pension) power comes responsibility

Many have welcomed the UK government’s recent changes to pension rules which, in a nutshell, make pension funds more accessible and empower individuals to make their own choices about how they invest or spend their hard-earned funds. Once thoughts of lavish holidays and new cars, which might suddenly seem affordable, have passed, we are finding [...]

Plan for the unexpected

Have you ever considered what happens if one of your business partners falls seriously ill or dies unexpectedly? Their shareholding in the company will normally pass to their partner or children. This means you either end up with uninformed shareholders suddenly having a say in the business…or, you will need to buy them out. According [...]

The big pension questions answered

For all the hype around pensioners’ ‘right to buy a Lamborghini’ some of the more important elements of the 2014 budget may have been lost. Here, Jon Francis, director of SIP Wealth Management, cuts through the hype and identifies the key things everyone with a pension needs to know. This year’s budget will greatly enhance [...]

Step-by-step SIPPS

Self-invested personal pension funds (SIPPs) are a rapidly growing but still often misunderstood concept within the world of pensions. Yet they are a fantastic innovation that can be used to easily and legitimately invest in a wide range of commercial ventures, boosting the value of that fund. Individuals especially within the business world may be [...]

2015-03-02T17:04:41+00:00 January 10th, 2014|Categories: Pensions|Tags: , , , , , , , , , |0 Comments