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Shock revelations, brought to light under the Freedom of Information Act, have suggested more than 100,000 pension savers could be hit with six-figure tax bills following tiny uplifts to their pension.
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Monday, 03 December 2018 10:11

Pension Dashboard plan moves a step closer

Prime Minister Theresa May and Pensions Minister Guy Opperman have backed for the Pensions Dashboard as plans are due to be announced this week to move the proposal a step closer.

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Experts have had their say on the appointment of Amber Rudd as Work and Pensions Secretary and spoke out about what her priorities should be.
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The launch, by the FCA and The Pensions Regulator yesterday, of a joint regulatory strategy aimed at taking action to deliver better outcomes for pension consumers has been backed by the profession.
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A survey of around 400 financial advisers has found “huge variations” in the way firms carry out an initial ‘triage’ process when clients ask about pension transfers. 
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A document, released under freedom of information laws, has shown The Pensions Regulator has called on pension schemes to cut transfer values.
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The launch of a new FCA and TPR campaign to boost awareness of pensions scams has been welcomed by the profession.
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Royal London’s Steve Webb has hailed a new ruling by the Pensions Ombudsman as a "landmark" which offers new hope for victims of pension scams. 
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A record £2.3bn was taken out of pensions pots under Pension Freedoms rules in the second quarter of 2018, HMRC figures have revealed.
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ONS data released today showed a slowing of improvement to mortality rates – a development which could push back the increase of state retirement age, according to Royal London.
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