Chancellor Rachel Reeves will outline plans for pension ‘megafunds’ this evening at her Mansion House speech as she seeks to increase investment in the UK.
The Financial Conduct Authority has banned Steven Hodgson and Paul Adams of Stockton-on-Tees-based Vintage Investment Services from advising customers on pension transfers and opt-outs.
From April 2027 inherited pension pots will be subject to inheritance tax (IHT), Chancellor Rachel Reeves announced today in her Budget.
Financial advisers have reported a surge in worried clients contacting them with Budget-related questions on pensions taxation and wealth management, a survey has revealed.
The UK’s wealthiest retirees paid themselves annual pension income of around £3m each last year but lost almost half of that in tax, according to figures published for the first time today.
Younger workers are much more money-minded than people might expect and are saving aggressively to achieve an ambitious retirement, according to a new report.
Rumours of a tax rise in the Budget have encouraged 16% of people to consider raiding their pension pots for tax-free cash, according to new research.
The defined contribution (DC) pension system is broken and should be replaced rather than repaired, according to scheme administrator and adviser Willis Towers Watson.
Chancellor Rachel Reeves is considering cutting the lump sum savers can remove from their pension without having to pay tax, according to reports.
Auto enrolment should be extended and made more flexible while employers should offer short-term savings schemes to workers, according to a new report.
The first Collective Defined Contribution (CDC) pension scheme has been launched today, more than two years after the schemes were given the green light in the UK.
Chancellor Rachel Reeves has stepped back from plans to introduce a flat rate of tax relief, according to newspaper reports.
Close to three in five (56%) of Britons think pensions are complicated and confusing, according to a new report.
The Parliamentary Ombudsman has launched an investigation into State Pension underpayments to tens of thousands of married women.
By the time women reach age 55 they have on average 43% less in their pension pot than men, according to data from Royal London.
DWP minister Sir Stephen Timms has urged the development of a roadmap towards an increase in the current 8% minimum contribution to auto-enrolment pensions.
A retirement crisis will take hold within the next two decades without policy change to address widespread under-saving, according to Phoenix Insights.
The FCA has called on advisers and providers to think beyond email messages to boost pension engagement with consumers.
Some 75% of working UK adults who have a pension pot are in the dark about its current estimated value, according to research released for Pension Awareness Week.
Standard Life has launched a new blended income/maturity value, retirement-focused product designed to help early retirees bridge the gap between scaling back work and the State Pension.
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