Displaying items by tag: pensions
Fear of mass MPAA breaches as pensions tapped
The cost of living crisis could lead to mass breaches of the money purchase annual allowance (MPAA), as more people flexibly access taxable income from their retirement pot to cover increased costs.
Ethnic minorities less willing to save in pension
Pension savers from the ethnic minorities are far less likely than white Britons to save into a pension scheme.
Pension schemes face dashboard woes
Only 1 in 20 pension schemes will be able to provide dashboard data for all of their members, according to a new survey.
Private pensions shake-up on the way
Pensions Minister Laura Trott has announced a shake-up of private pensions to create “fairer, more predictable, and better-run pensions.”
Pension transfer values slump by 36% in 2022
Defined benefit transfer values fell by more than a third last year as investor concerns over UK debt drove gilt yields higher, according to new analysis.
FCA launches review of retirement income advice
The FCA is to launch a comprehensive thematic review of retirement income advice.
1.8m aged 65 and over submitting tax returns
Latest data from HMRC has revealed that many more pensioners are filing tax returns than younger taxpayers.
Annuities bounce back as 1m more consider using them
Nearly one million people are considering annuities for the first time as a result of rising annuity rates, according to a new prediction.
Alltrust buys failed Rowanmoor Personal Pensions
SIPP and SSAS provider Alltrust has acquired failed firm Rowanmoor Personal Pensions Limited (RPPL).
Government could shake up doctors’ pensions - reports
Measure to lift the tax penalties facing senior NHS clinicians who want to carry on working are under consideration by the government, according to media reports today.