Ban on short service refunds to keep up to £130m in pensions

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The ban on short service refunds will keep between £70m and £130m in the pensions system, figures from the Department for Work and Pensions (DWP) reveal.

An impact assessment - seen by PP - showed as many as 40,000 employees a year have been taking advantage of the opportunity to recoup the cash invested in a scheme within the two-year cut off point...

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