Members of the work and pensions select committee are to launch an inquiry into advice and guidance available to retirees following pensions freedom to ensure people are not "ripped off" when accessing their pots.
The reforms, which came into effect in April, give defined contribution savers unfettered access to their pension pots from the age of 55. It removed the effective need to buy an annuity and opened income...
The Pensions and Lifetime Savings Association (PLSA) has published a drafting template to help defined contribution (DC) scheme trustees produce their annual chair’s statements.
Nest members are making changes to their everyday lives to be more environmentally or socially responsible, but failing to take the same action on their pensions, the provider says.
Gregg McClymont says AE schemes make it easy to opt-out should members feel contributions are not in their best interest
Trustees of defined contribution (DC) schemes redirecting contributions made during Covid-19 to alternative funds should check they’re not unintentionally breaching pension legislation, The Pensions Regulator (TPR) warns.
Thousands of the country’s most financially insecure individuals are remaining in auto-enrolled schemes even if it may not be in their best interests to do so, the Institute for Fiscal Studies (IFS) finds.