The number of savers opting to withdraw a tax-free lump sum from their pension has dropped more than 53% since the start of the coronavirus pandemic, according to the Association of British Insurers (ABI).

Workplace pension scheme TPT Retirement Solutions has agreed a deal for Charles River Investment Management Solution to manage its multi-asset pension portfolios on a single platform.

Almost all (92%) employers would consider setting up a workplace savings scheme in addition to a pension in light of recent market turmoil caused by Covid-19, Cushon finds.

This week’s top stories included auditor KPMG confirming it is considering reducing pension contributions for 20% of staff amid the ongoing impacts of the coronavirus pandemic. Also, MPs hit out at HM Revenue & Customs over the benefits of pensions tax...

Phoenix Group has completed the acquisition of rival life insurer ReAssure Group first announced last December.

The government must take radical and immediate action to stop small pension pots undermining the success of auto-enrolment (AE), Now Pensions says.

KPMG has begun a consultation on reducing pensions contributions, affecting around 20% of staff if agreed on, Professional Pensions finds.

Access to the pensions savings of three quarters of savers is often restricted for more than a month, PensionBee research finds.

Fewer deaths than might usually be expected at this time of year have been recorded in England and Wales for the fourth consecutive week, according to the Continuous Mortality Index (CMI).

The options for overhauling pensions tax relief outlined in the government’s call for evidence yesterday (21 July) may still be too complicated, the industry says.