Publication of the GAA annual report to unitholders
Publication of the 2019 Value Assessments for the LF Stakeholder Pension Scheme and the LF Personal Pension Trust
The underlying investment fund into which the fund invests, the Janus Henderson Money Market Unit Trust, is closing and will be replaced by the LGIM Sterling Liquidity Plus Fund (which is managed by Legal and General Investment Management Limited). In addition, the LF Money Markets Pension Fund will be renamed “LF Cash Pension Fund”.
The underlying investment fund into which the fund invests is the Janus Henderson Money Market Unit Trust. This Fund is closing on 14th January. The LGIM Sterling Lquidity Plus Fund has been identified as a replacement. This is managed by Legal and General Investment Managers Limited
On 3rd November 2017 Link Administration Holdings Limited completed its purchase of CFML and other companies comprising the Capita Asset Services division of companies owned by Capita plc.
Significant changes to the Trust and your investment will take place at the end of March 2017.
Pension fund manager Jessop Fund Managers (JFM) has continued its growth with the acquisition of the Legal & General (UTM) Stakeholder Pension Scheme.
The business process management firm Capita has acquired Vertex Mortgage Services, which includes Jessop Fund Managers (JFM), for £35 million.
Jessop Fund Managers (JFM) has launched an income drawdown solution for advised clients with small to medium sized pension pots.
The impending pension changes could raise client expectations beyond realistic levels, David Hughes, managing director of JFM, has warned. Mr Hughes, managing director of the pension investment management firm, said the reforms, which come into force on 6 April, could create fresh challenges for advisers because of client attitudes.
As we move into an era of greater pension freedom, the general public will have more choice and control over how they access the money they have saved for retirement. It will become more important than ever for advisers to help their clients to understand the risks associated with depleting their retirement savings too soon.
I have believed for some time that greater flexibility and simplicity are needed in the pensions market. The government’s changes are certainly a step in the right direction. Savers should have the freedom to choose how to access their money.
The predicted drawdown explosion post-April 2016 is an “excellent opportunity” for advisers, writes David Hughes, but can it be done without administration overload?
A specialist pension asset manager has become the latest to set to exploit a carve-out in the new pensions freedoms that will allow retirees to maintain an annual allowance four times higher than under new drawdown rules if they are already in ‘capped’ drawdown prior to next April.