Displaying items by tag: pensions

The Parliamentary and Health Service Ombudsman has called on the Department for Work and Pensions to consider paying compensation to women born in the 1950s hit by the increase in the State Pension age.

Almost one in five (16%) of Britons had accessed funds from their pension savings without understanding the rules before doing so, according to a new report.

Almost a fifth of retirees are being forced to return to work or to consider doing so because of struggling finances, research from Standard Life has revealed.

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.

More than three-quarters (77%) of adults do not feel confident about how to access their pensions, according to research.

Pension savers could be left more than £70,000 poorer in retirement due to overlooking charges when transferring their funds, provider People’s Partnership has warned.

Nearly two thirds (63%) of advisers are concerned about the impact of the Government’s proposed lifetime pension provider model, according to a new report.

The over-90s population in England and Wales grew by 2.1% over 2022 to a record high of 550,835 people, according to data from the Office for National Statistics.

The number of defined contribution pension transfers in 2023 soared by 22% to 1.2m despite predictions of a decline in the market.

The FCA has issued a warning notice to a pension adviser it has branded “reckless” after they gave unsuitable advice to customers to transfer out of their DB scheme over a four year period.