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Displaying items by tag: pensions

Projections from the government's Office for National Statistics suggest that the rise in life expectancy over recent years is slowing down.

Published in Articles
Wednesday, 05 January 2022 09:38

MP aims to cut minimum age for auto-enrolment

An MP has proposed plans to lower the age for auto-enrolment from 22 to 18 and to extend the scheme to lower and part-time earners.

Published in Articles
Monday, 20 December 2021 13:00

Transfer values climb but so do scam warnings

Retirement provider XPS Pension Group says its Pension Transfer Value Index climbed to a new high of £270,000 at the end of November due to forecasts of increased inflation and a dip in gilt yields.

Published in Articles
Friday, 17 December 2021 17:48

Lisa Webster: A useful nudge or a fussy fudge?

Back in May I talked about the FCA’s proposal to get more people using Pension Wise guidance before they accessed their pension. My point then was that the timing of the “nudge” was all wrong – when an individual contacts their provider to access their pension, they have already made their mind up what they want to do.

Published in Comment and Blogs
Wednesday, 15 December 2021 11:09

Millions could face longer wait for State Pension

 

The Government is consulting on proposals to bring forward the rise in the State Pension Age to 68 from 2044 to 2037 resulting in millions being forced to wait longer for the state pension.

Published in Articles
Thursday, 25 November 2021 11:13

FCA proposes default investment option for SIPPs

The Financial Conduct Authority wants pension providers, including SIPP firms, to offer a default investment option to non-workplace pension clients.

Published in Articles
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Wednesday, 24 November 2021 14:42

Over half of retirement plans changed by pandemic

Over half (54%) of UK adults have had their plans to retire affected by the Coronavirus pandemic, according to new research.

Published in Articles
Friday, 12 November 2021 12:04

Lisa Webster: Transfer fireworks

In the space of 24 hours earlier this month we had two new pieces of legislation which impact pension transfers. The fireworks started early on the anniversary of the discovery of the gunpowder plot, with the publication of the Finance Bill (No. 2) which includes the new rules on changes to normal minimum pension age (NMPA). Bonfire Night itself caused less of a bang with the introduction of the new rules on the statutory right to transfer.

Published in Comment and Blogs
Wednesday, 03 November 2021 15:44

House of Lords votes against Triple Lock suspension

The House of Lords has voted to reject a controversial bill to suspend the Pensions Triple Lock and instead sent the bill back to the Commons to be reconsidered.

Published in Articles
Tuesday, 26 October 2021 15:44

Lisa Webster: Headaches due to pension age issues

The decision to raise the normal minimum pension age (NMPA) from 55 to 57 was announced back in 2014 at the same time as Pension Freedoms. Clearly this wasn’t the big headline at the time but now we have draft legislation we are seeing news stories as some of the complexities of how the change is being implemented come to light.

Published in Comment and Blogs
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