Displaying items by tag: LCP
Pension tax relief could be targeted by Chancellor
Chancellor Rachel Reeves is likely to take a close look at pension tax relief as she looks at ways to raise money for the Treasury in her first Budget next month, consultants LCP have warned.
DWP says gender pension gap is 35%
New data published today by the Department for Work & Pensions shows the gender pension gap stood at 35% for the period between 2018-2020.
DB schemes should offer more flexibility
A former senior official at the Pensions Regulator has called for members of DB pension schemes to benefit from the same flexibility as those with DC schemes have.
Govt to end NI record gaps concession
A Government scheme allowing people to fill gaps in their National Insurance records will come to an end on 5 April.
DWP reveals 6 additional State Pension payment errors
The Department for Work and Pensions (DWP) has shared six previously unrevealed errors in State Pension payments it has had to act to correct since 2007.
325,000 win protection from LTA breach risk
Over 325,000 people have successfully applied for protection against breaching the Lifetime Allowance, according to a Freedom of Information response.
4m under-40s misunderstand pension risk
Around 4m savers under the age of 40 could be losing out on investment returns because they think a medium risk pension will produce the strongest returns for their pension.
Contingent charge ban cuts pension transfers
The ban on contingent charging and the pandemic have resulted in a major slump in pension transfers, according to new research.
Pension freedoms cost savers £2bn in lost returns
Savers cashing out their pension pots to take advantage of pension freedoms since 2015 are set to lose £2bn as a result, according to new research.
Concern over contingent charge DB transfers
Nearly 70% of DB transfers went ahead when contingent charging was used compared to less than 28% when non-contingent charging was applied, according to a Freedom of Information request.