The Government has announced that the Department for Work and Pensions (DWP) will take the lead on developing the “pensions dashboard”, allowing individuals to see all their savings through one portal. Read More
Over £6 billion has been paid out from pension savings since last year’s freedom and choice reform, but less than a quarter of Britons are seeking advice before withdrawing, a HMRC report has revealed. Read More
The Government’s recent decision to scrap the State Second Pension pension system will affect some six million UK workers and hundreds of employees from April 6. Read More
Huge numbers of people aged 50 or over are being targeted by ‘pension liberation’ fraudsters, who are trying to relieve them of their pension pot. This follows huge changes to the pension system which means that older people can take their cash out and do whatever they wish with it. Read More
Recent industry reports have predicted that there will be a sharp rise in the number of escalating penalty notices being served by the Pensions Regulator over the next few months. Read More
Now that the General Election has produced an all-Conservative Government and former Pensions Minister Steve Webb has lost his seat, there could be some changes in the arena of pensions, tax and general financial planning. Read More
The over-55s, who can access their pension pots under new rules brought in this tax year, are being warned that buying property in order to let it as an investment for their old age is not necessarily a ‘silver bullet’, as they will probably have to withdraw more than 25 per cent of their pot to do so, which could have serious tax implications. Read More
Fears over the new freedoms with pensions have been realised amid reports that eligible retirees are being targeted by criminals trying to get access to their pension pots, with a shocking account of how one pensioner has lost £200,000 to a scam. Read More
New research has placed the UK ninth on the global list of top pension providers, behind Denmark, Australia and Ireland, which took the top three spots, although from the start of the new tax year, further levels of flexibility of pensions will be introduced here that should push us further up the list. Read More
With just six weeks to go before the launch of the radical reforms to the pensions industry announced by Chancellor George Osborne in last year’s budget, a new report accuses the Government of not doing enough to prepare for their delivery, saying that ‘key policy detail’ is still missing. Read More