Treasury triples pension advice allowance to £1,500
The Treasury has announced that from April savers will be given tax-free early access to their retirement pots in order to pay for advice.
The Pensions Advice Allowance (PAA), which was first mooted during last year's Budget, will provide for three separate £500 withdrawals in order to pay for advice. The £1,500 allowance is higher than...
More on Defined Contribution
PensionBee draws 12,000 customer sign-ups for IPO with estimated market cap of £348m
Around 12,000 PensionBee users have registered for shares in the company after it confirmed its initial public offering (IPO) would comprise an offer to both institutional investors and eligible customers.
Industry Voice: The master plan
In Newton’s latest DC column, Catherine Gill explores how master trusts can evolve their investment strategies against a changing backdrop
TPR data reveals further consolidation in occupational DC market
The occupational defined contribution (DC) market consolidated further in 2020 with the number of trust-based plans falling substantially during the year, latest data from The Pensions Regulator (TPR) reveals.
UK mandatory pension provision half OECD average
Auto-enrolment (AE) contributions must rise to 12% to put the UK on par with the rest of the Organisation for Economic Co-operation and Development (OECD) countries, The Investing and Saving Alliance (TISA) says.
PensionBee to float on the London Stock Exchange
PensionBee has announced its intention to float on the high growth segment of the main market of the London Stock Exchange (LSE).
