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PLSA and ABI urge greater pension investment
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The Pensions and Lifetime Savings Association (PLSA) and the Association of British Insurers (ABI) have called on Government to boost UK growth through greater pension investment in four key areas.
SIPPs boom as people save 18% more
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People saved 18% more into their Hargreaves Lansdown SIPPs in the current tax year up to the end of December when compared to the previous year (April-December).
77% lack confidence about accessing their pensions
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More than three-quarters (77%) of adults do not feel confident about how to access their pensions, according to research.
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Hartley defaults as client exit costs rise to £36m
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The Financial Services Compensation Scheme (FSCS) has declared SIPP and SSAS provider Hartley Pensions in default.
Read more: Hartley defaults as client exit costs rise to £36m
4% of DB pension schemes remain open to new members
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One in 20 (4%) defined benefit (DB) pension schemes remained open to new members in 2023, new data published today by The Pensions Regulator (TPR) shows.
Read more: 4% of DB pension schemes remain open to new members