Some 147,000 over-55s would face charges of more than 5% if they transferred their pot to take advantage of retirement flexibilities introduced in April, according to the Financial Conduct Authority (FCA).
The Tax Incentivised Savings Association (TISA) has urged the government to make the tax treatment of pensions more progressive as one of several measures to encourage people to save.
The Department for Work and Pensions (DWP) will take responsibility for Pension wise within the financial year, the work and pensions select committee has been told.
There has been not been a surge in pension scams since the pension freedoms were introduced according to the Financial Conduct Authority (FCA).
Urgent action needs to be taken if schemes are to meet deadlines for reconciling GMP data says Helen Morrissey.
Government plans to merge ISAs and pensions would harm retirement saving and mean more retirees run out of money, Axa Wealth head of retirement planning Andy Zanelli has warned.
Jeremy Corbyn wants the UK to have a flexible state retirement age. Michael Klimes weighs the pros and cons
Lawyers have warned that defined benefit (DB) schemes face unnecessary extra VAT charges unless HM Revenue and Customs (HMRC) makes it less complicated for them to reclaim tax.
A final draft of The Pensions Regulator's defined contribution (DC) code is due at the end of this month according to executive director of DC and public service pensions Andrew Warwick-Thompson.
The Financial Conduct Authority (FCA) will find poor practice and mis-selling when it delves into the non-advised annuity sales market, according to PP readers.